This paper investigates the existence of asymmetric equilibria in a pure exchange economy with individual risks. The model is an extension of Malinvaud's (1973). Agents face identical pure individual risks: their endowments and utility functions only depend on their individual state; but there...

Overlapping Generations Economies Mich Tvede University of Copenhagen Ludwig Wittgenstein macmillan Preface xvii Introduction 1 Part I: Overlapping Generations...

How far can we go in weakening the assumptions of the general equilibrium model? Existence of equilibrium, structural stability and finiteness of equilibria of regular economies, genericity of regular economies and an index formula for the equilibria of regular economies have been known not to...