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An alternative proof for the existence of Radner equilibria

Seung Han Yoo

Mathematical Social Sciences, 2013, vol. 66, issue 1, 87-90

Abstract: This paper explores ‘competitive equilibrium under uncertainty’ by Radner (1968). We provide a simple proof for the existence of a Walrasian equilibrium and characterize the maximal number of markets in the extended Arrow–Debreu economy.

Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:eee:matsoc:v:66:y:2013:i:1:p:87-90

DOI: 10.1016/j.mathsocsci.2013.01.006

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