Global Identification from the equilibrium Manifold under Incomplete markets

Andres Carvajal and Alvaro Riascos (ariascos@uniandes.edu.co)

No 225, Econometric Society 2004 Latin American Meetings from Econometric Society

Abstract: We show that even under incomplete markets, the equilibrium manifold identifies individual demands everywhere in their domains. For this, we assume conditions of smoothness, interiority and regularity, but avoid implausible observational requirements. It is crucial that there be date-zero consumption. As a by-product, we develop some duality theory under incomplete markets

Keywords: Identification; Incomplete Markets (search for similar items in EconPapers)
JEL-codes: D52 (search for similar items in EconPapers)
Date: 2004-08-11
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http://repec.org/esLATM04/up.6586.1082046992.pdf (application/pdf)

Related works:
Working Paper: Global identification from the equilibrium manifold under incomplete markets (2004)
Working Paper: Global identification from the equilibrium manifold under incomplete markets (2004)
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