A Note on Incomplete Markets

Ashvin V Rajan

Economics Working Paper Archive from The Johns Hopkins University,Department of Economics

Abstract: We adapt an elegant piece of reasoning by Balasko (1979) to the implete markets modelled by Duffie and Shafer (1985) and prove that on compact sets of such markets the Lebesgue measure of economies with m equilibria is 0 (1/m)

Date: 1996-08
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Persistent link: https://EconPapers.repec.org/RePEc:jhu:papers:385

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