Disaggregation of excess demand functions in incomplete markets

dc.contributor.author	Chiappori, Pierre-André
dc.contributor.author	Ekeland, Ivar
dc.date.accessioned	2011-05-30T08:15:32Z
dc.date.available	2011-05-30T08:15:32Z
dc.date.issued	1999
dc.identifier.uri	https://basepub.dauphine.fr/handle/123456789/6343
dc.language.iso	en	en
dc.subject	Incomplete markets	en
dc.subject	Excess demand function	en
dc.subject	Disaggregation	en
dc.subject.ddc	519	en
dc.subject.classificationjel	D52	en
dc.title	Disaggregation of excess demand functions in incomplete markets	en
dc.type	Article accepté pour publication ou publié
dc.description.abstracten	We are interested in general equilibrium incomplete markets, where the number of consumers is N, the number of goods is L, and the dimension of the space of admissible trades is K (the case of complete markets being then K=(L−1)). We prove that, if N≥K, any non-vanishing analytic function satisfying the natural extension of the Walras law is, locally at least, the excess demand function of such a market.	en
dc.relation.isversionofjnlname	Journal of Mathematical Economics
dc.relation.isversionofjnlvol	31	en
dc.relation.isversionofjnlissue	1	en
dc.relation.isversionofjnldate	1999
dc.relation.isversionofjnlpages	111-129	en
dc.relation.isversionofdoi	http://dx.doi.org/10.1016/S0304-4068(98)00059-7	en
dc.description.sponsorshipprivate	oui	en
dc.relation.isversionofjnlpublisher	Elsevier	en
dc.subject.ddclabel	Probabilités et mathématiques appliquées	en

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