Equilibrium in economies with incomplete financial markets
type: Item
instance of: scholarly article
title: Equilibrium in economies with incomplete financial markets
zbMATH Open document ID: 0601.90024
DOI: 10.1016/0022-0531(85)90081-X
author: Jan Werner
published in: Journal of Economic Theory
publication date: 1985-01-01T00:00:00Z
review text: The author studies an Arrow-Debreu economy with incomplete markets and shows the existence of equilibrium (Radner equilibrium) in a reformulated model with futures markets described by securities with monetary returns. This is in contrast to the results of Hart where futures markets are markets for contingent futures commodities.
reviewed by: M.A.Khan
Mathematics Subject Classification ID: 91B60
Mathematics Subject Classification ID: 91B50
Mathematics Subject Classification ID: 91B28
zbMATH DE Number: 3970441
zbMATH Keywords: Arrow-Debreu economy
zbMATH Keywords: incomplete markets
zbMATH Keywords: existence of equilibrium
zbMATH Keywords: Radner equilibrium
zbMATH Keywords: futures markets
Wikidata QID: Q56608442
MaRDI profile type: Publication
cites work: Equilibrium in a discrete exchange economy with money
cites work: On the optimality of equilibrium when the market structure is incomplete
cites work: Q4121644
cites work: Existence of Equilibrium of Plans, Prices, and Price Expectations in a Sequence of Markets
full work available at URL: 0022-0531(85)90081-x
OpenAlex ID: W1993420210
description: scientific article; zbMATH DE number 3970441