The set of sunspot equilibria in economies with incomplete financial markets: Variable asset prices

Economic Theory

Volumn 18, Issue 3, 2001, Pages 649-659

  Pietra, Tito ^a  

^a UNIVERSITY OF MODENA AND REGGIO EMILIA   (Italy)

Author keywords

Sunspot equilibria

Indexed keywords

EID: 0035648017     PISSN: 09382259     EISSN: None     Source Type: Journal    
DOI: 10.1007/PL00004204     Document Type: Article

References (13)

1. 1. Balasko, Y., Cass, D.: The structure of financial equilibrium with exogenous yields: The case of incomplete markets. Econometrica 57, 135-163 (1989)
2. 2. Balasko, Y., Cass, D.: Regular demand with several, general budget constraints. In: Majumdar M. (ed.) Equilibrium and dynamics: Essays in honor of David Gale, pp. 29-44. New York: St. Martin Press 1991
3. 3. Cass, D.: Sunspots and incomplete financial markets: The leading example. In: Feiwell G. (ed.) The economics of imperfect competition and employment: Joan Robinson and beyond, pp. 677-693. New York: New York University Press 1989
4. 4. Cass, D.: Sunspots and incomplete financial markets: The general case. Economic Theory 2, 341-358 (1992)
5. 5. Cass, D., Citanna, A.: Pareto improving financial innovation in incomplete markets. Economic Theory 11, 467-494 (1998)
6. 6. Citanna, A., Kajii A., Villanacci, A.: Constrained suboptimality in incomplete markets: A general approach and two applications. Economic Theory 11, 495-521 (1998)
7. 7. Geanakoplos, J., Mas-Colell, A.: Real indeterminacy with financial assets. Journal of Economic Theory 47, 22-38 (1989)
8. 8. Geanakoplos, J.D., Polemarchakis, H.M.: Existence, regularity and constrained suboptimality of competitive allocations when the asset market is incomplete. In Heller, W.P., Starr, R.M., Starrett, D. (eds.) Uncertainty, information and communication: Essays in honor of K.J. Arrow, Vol. III, pp. 65-95. Cambridge: Cambridge University Press 1989
9. 9. Hirsch, M.V.: Differential topology. Berlin Heidelberg New York: Springer 1976
10. 10. Lisboa, M.B.: On indeterminacy of equilibria with incomplete financial markets. Mimeo, University of Pennsylvania (1994)
11. 11. Mas-Colell, A.: The theory of general equilibrium. A differentiable approach. Cambridge: Cambridge University Press 1985
12. 12. Pietra, T.: The structure of the set of sunspot equilibria in economies with incomplete financial markets. Economic Theory 2, 321-340 (1992)
13. 13. Suda, S., Tallon, J.M., Villanacci, A.: Real indeterminacy of equilibria in a sunspot economy with inside money. Economic Theory 2, 309-320 (1992)