Competitive equilibrium with moral hazard in economies with multiple commodities.
type: Item
instance of: scholarly article
title: Competitive equilibrium with moral hazard in economies with multiple commodities.
zbMATH Open document ID: 1033.91027
DOI: 10.1016/S0304-4068(02)00070-8
author: Alessandro Citanna
author: Antonio Villanacci
published in: Journal of Mathematical Economics
publication date: 2003-04-02T00:00:00Z
review text: Imposing economic standard and (e.g. in order to give the constraint set a nonempty interior) some smoothness conditions and using results on connectedness of sets (in order to apply homotopy theorems) and (pseudoconcave) Kuhn-Tucker theorems the authors show for economies as suggested in the title existence of equilibria and (under special conditions and using Sard-Smale theorem) their generic suboptimality.
reviewed by: Alfred Göpfert
Mathematics Subject Classification ID: 91B54
Mathematics Subject Classification ID: 91B52
Mathematics Subject Classification ID: 91B70
Mathematics Subject Classification ID: 91B30
zbMATH DE Number: 1891740
zbMATH Keywords: equilibrium
zbMATH Keywords: moral hazard
zbMATH Keywords: constrained suboptimality
MaRDI profile type: Publication
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description: scientific article; zbMATH DE number 1891740