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.

引用

页码：373 / 380

页数：8

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