Multiplicity in general financial equilibrium with portfolio constraints

DOI10.1016/J.JET.2006.08.007zbMath1152.91481OpenAlexW3122999637MaRDI QIDQ951002

Anna Pavlova, David Cass, Juan Manuel Licari, Suleyman Basak

Publication date: 29 October 2008

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

Full work available at URL: https://doi.org/10.1016/j.jet.2006.08.007

zbMATH Keywords

multiple equilibriaasset pricingindeterminacyportfolio constraintsgeneral financial equilibrium (GFE)

Mathematics Subject Classification ID

Financial applications of other theories (91G80) General equilibrium theory (91B50)

Related Items (3)

Introduction to monetary and macro economics ⋮ Rational asset pricing bubbles and portfolio constraints ⋮ Endogenous restricted participation in general financial equilibrium

Cites Work

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• Generic inefficiency of stock market equilibrium when markets are incomplete
• The structure of financial equilibrium with exogenous yields. The case of restricted participation
• Endogenous restricted participation in general financial equilibrium
• Equilibrium in incomplete markets. I: A basic model of generic existence
• Rational panics and stock market crashes.
• On trees and logs
• Asset Prices in an Exchange Economy
• Generic regularity of competitive equilibria with restricted participation

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