Global identification from the equilibrium manifold under incomplete markets

We show that even under incomplete markets, the equilibrium manifold identifies individual demands everywhere in their domains. For this, we assume conditions of smoothness, interiority and regularity, but avoid implausible observational requirements. It is crucial that there be date-zero consumption. As a by-product, we develop some duality theory under incomplete markets

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Year of publication:	2004-08-11
Authors:	Carvajal, Andres ; Riascos, Alvaro
Institutions:	Econometric Society
Subject:	Identification \| Incomplete Markets \| Duality

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Extent:	application/pdf
Series:	Econometric Society 2004 North American Summer Meetings.
Type of publication:	Book / Working Paper
Language:	English
Notes:	The text is part of a series Econometric Society North American Summer Meetings 2004 Number 196
Classification:	D52 - Incomplete Markets ; D58 - Computable and Other Applied General Equilibrium Models ; D11 - Consumer Economics: Theory
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005702624