Header

UZH-Logo

Maintenance Infos

An Extension of Mantel (1976) to Incomplete Markets


Hens, Thorsten (2001). An Extension of Mantel (1976) to Incomplete Markets. Working paper series / Institute for Empirical Research in Economics No. 71, University of Zurich.

Abstract

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.

Abstract

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.

Statistics

Downloads

0 downloads since deposited on 29 Nov 2011
9 downloads since 12 months

Additional indexing

Item Type:Working Paper
Communities & Collections:03 Faculty of Economics > Department of Economics
Working Paper Series > Institute for Empirical Research in Economics (former)
Dewey Decimal Classification:330 Economics
Language:English
Date:January 2001
Deposited On:29 Nov 2011 21:26
Last Modified:07 Dec 2017 10:06
Series Name:Working paper series / Institute for Empirical Research in Economics
ISSN:1424-0459
Official URL:http://www.econ.uzh.ch/wp.html

Download

Download PDF  'An Extension of Mantel (1976) to Incomplete Markets'.
Preview
Filetype: PDF
Size: 274kB