Excess demand functions with incomplete markets - a global result

被引：4

作者：

Momi, T ^{[1
]}

机构：

[1] Univ Tokyo, Grad Sch Econ, Bunkyo Ku, Tokyo 1130033, Japan

来源：

JOURNAL OF ECONOMIC THEORY | 2003年 / 111卷 / 02期

关键词：

incomplete market; excess demand; decomposition;

D O I：

10.1016/S0022-0531(03)00061-9

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

The purpose of this paper is to give a global characterization of excess demand functions in a two-period exchange economy with incomplete real asset markets. We show that continuity, homogeneity and Walras' law characterize the aggregate excess demand functions on any compact price set which maintains the dimension of the budget set. (C) 2003 Elsevier Science (USA). All rights reserved.

引用

页码：240 / 250

页数：11

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