论文信息 - Generic regularity of competitive equilibria with restricted participation

Generic regularity of competitive equilibria with restricted participation

Abstract In this paper, we present a general version of the model of competitive equilibrium with restricted participation on financial markets. Our goal is to accommodate a wide range of portfolio constraints while at the same time still permitting (generically) differential analysis of the dependence of financial equilibria on “fundamental” parameters.

Antonio Villanacci | David Cass | Paolo Siconolfi

[1] Yves Balasko,et al. The structure of financial equilibrium with exogenous yields : The case of restricted participation , 1990 .

[2] D. Cass,et al. Regular Demand with Several, General Budget Constraints , 1992 .

[3] Chris Shannon,et al. Regular nonsmooth equations , 1994 .

[4] M. Quinzii,et al. REAL EFFECTS OF MONEY IN GENERAL EQUILIBRIUM , 1992 .

[5] E. Jouini,et al. Viability and Equilibrium in Securities Markets with Frictions , 1999 .

[6] H. Soner,et al. Optimal Replication of Contingent Claims Under Portfolio Constraints , 1996 .

[7] Jacques H. Dreze,et al. Generic inefficiency of stock market equilibrium when markets are incomplete , 1990 .

[8] Real Indeterminacy, Taxes and Outside Money in Incomplete Financial Market Economies: I. The Case of Lump Sum Taxes , 1993 .

[9] D. Cuoco. Optimal Consumption and Equilibrium Prices with Portfolio Constraints and Stochastic Income , 1997 .

[10] H. Polemarchakis,et al. Generic existence of competitive equilibria with restricted participation , 1997 .