Prices, Asset Markets and Indeterminacy

Heracles Polemarchakis and Paolo Siconolfi
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Heracles Polemarchakis: CORE, Université catholique de Louvain, B-1348 Louvain-la-Neuve, Belgium
Paolo Siconolfi: Graduate School of Business, Columbia University, New York

No 1994029, LIDAM Discussion Papers CORE from Université catholique de Louvain, Center for Operations Research and Econometrics (CORE)

Abstract: Competitive equilibrium allocations are indeterminate when the net trades in commodities are constrained, while the asset market is incomplete.

Keywords: Incomplete asset market; trading constraints; indeterminacy (search for similar items in EconPapers)
JEL-codes: D50 D52 (search for similar items in EconPapers)
Date: 1994-06-01
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Citations: View citations in EconPapers (1)

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Related works:
Journal Article: Prices, Asset Markets and Indeterminacy (1998)
Working Paper: Prices, Asset Markets and Indeterminacy (1996)
Working Paper: Prices, asset markets and indeterminacy
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Persistent link: https://EconPapers.repec.org/RePEc:cor:louvco:1994029

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