Implementing Arrow-Debreu equilibria by trading infinitely-lived securities

DOI10.1007/S00199-004-0496-2zbMath1112.91046OpenAlexW2782112536MaRDI QIDQ1762757

Jan Werner, Kevin X. D. Huang

Publication date: 11 February 2005

Published in: Economic Theory (Search for Journal in Brave)

Full work available at URL: https://digitalcommons.usu.edu/cgi/viewcontent.cgi?article=1196&context=eri

zbMATH Keywords

transfersprice bubblesArrow-Debreu equilibriumconsumption planesdynamic competitive economiesinfinite-time economyinfinitely-lived securitiessecurity markets equilibrium

Mathematics Subject Classification ID

Special types of economic equilibria (91B52) Derivative securities (option pricing, hedging, etc.) (91G20) Special types of economic markets (including Cournot, Bertrand) (91B54)

Related Items (5)

Rational asset pricing bubbles and debt constraints ⋮ Market power, survival and accuracy of predictions in financial markets ⋮ General equilibrium, preferences and financial institutions after the crisis ⋮ General equilibrium, wariness and efficient bubbles ⋮ A remark on the fiscal theory of price determination

This page was built for publication: Implementing Arrow-Debreu equilibria by trading infinitely-lived securities