Existence of equilibrium in incomplete markets with intermediation costs

被引：4
|
作者：
Prechac, C [1 ]
机构：
[1] UNIV PARIS 01,CERMSEM,F-75013 PARIS,FRANCE
来源：
JOURNAL OF MATHEMATICAL ECONOMICS | 1996年 / 25卷 / 03期
关键词：
general equilibrium; incomplete markers; transaction costs;
D O I：
10.1016/0304-4068(95)00726-1
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper introduces intermediation costs in general equilibrium models with incomplete markets. No-arbitrage prices are characterized and a general existence result of equilibrium is derived in the case of real asset structures.
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页码：373 / 380
页数：8
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