An Extension of Mantel (1976) to Incomplete Markets

In the incomplete markets model with numeraire asset and a single consumption good we show that, even with homothetic preferences, on compact sets of prices Continuity, Walras' identity and Homogeneity characterize the properties of market excess demand. This result is proved by an extension of Mantel (1976) to the case of incomplete markets

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Year of publication:	2004
Authors:	Hens, Thorsten
Publisher:	[S.l.] : SSRN
Subject:	Unvollkommener Markt \| Incomplete market \| Präferenztheorie \| Theory of preferences \| Nachfragetheorie des Haushalts \| Consumer demand theory

Extent:	1 Online-Ressource (16 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments January 2001 erstellt
Other identifiers:	10.2139/ssrn.260039 [DOI]
Classification:	D52 - Incomplete Markets ; C62 - Existence and Stability Conditions of Equilibrium ; G10 - General Financial Markets. General
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014136050