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Generic existence of competitive equilibria when the asset market is incomplete: A symmetric argument

Herakles M. Polemarchakis and Paolo Siconolfi
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Herakles M. Polemarchakis: CORE, Université Catholique de Louvain, B-1348 Louvain-la-Neuve, BELGIUM
Paolo Siconolfi: Graduate School of Business, Columbia University, New York, NY 10027, USA

Economic Theory, 1995, vol. 6, issue 3, 495-510

Abstract: The argument for the generic existence of competitive equilibria when the asset market is incomplete can be formulated with symmetric treatment of all individuals. The argument extends to a large economy.

Date: 1997-11-09
Note: Received: July 19, 1993; revised version November 21, 1994
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Working Paper: Generic Existence of Competitive Equilibria when the Asset Market is Incomplete: A Symmetric Argument (1993) Downloads
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