Robust nonexistence of equilibrium with incomplete markets

DOI10.1016/S0304-4068(03)00084-3zbMath1084.91039OpenAlexW2006158920MaRDI QIDQ707382

Srihari Govindan, Lutz-Alexander Busch

Publication date: 9 February 2005

Published in: Journal of Mathematical Economics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/s0304-4068(03)00084-3

zbMATH Keywords

General equilibriumIncomplete marketsNonexistence

Mathematics Subject Classification ID

General equilibrium theory (91B50) Special types of economic markets (including Cournot, Bertrand) (91B54)

Related Items (3)

On financial equilibrium with intermediation costs ⋮ Financial markets with endogenous transaction costs ⋮ Equilibria in incomplete assets economies with infinite dimensional spot markets

Cites Work

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• On the generic existence of Radner equilibria when there are as many securities as states of nature
• Characterisation of generically complete real asset structures
• Options and equilibrium
• An introduction to general equilibrium with incomplete asset markets
• Equilibrium in economies with incomplete financial markets
• Equilibrium in incomplete markets. I: A basic model of generic existence
• On the optimality of equilibrium when the market structure is incomplete
• Existence of equilibria with incomplete markets: The case of smooth returns
• Incomplete markets: transverse financial structures
• Non-existence of equilibrium in an incomplete stock market economy

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