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On Equilibrium Existence with Endogenous Restricted Financial Participation
Journal of Mathematical Economics (2010)
  • Abdelkrim Seghir, Dr.
  • Juan Pablo Torres-Martinez, University of Chile
Abstract

Without requiring either financial survival assumptions or linear spanning conditions over financial spaces, we prove equilibrium existence in an abstract incomplete market economy with endogenous restricted financial participation. We apply our results to general financial structures including nominal, real and collateralized asset markets.

Keywords
  • Equilibrium,
  • Incomplete markets,
  • Endogenous restricted financial participation
Disciplines
Publication Date
2010
Citation Information
Abdelkrim Seghir and Juan Pablo Torres-Martinez. "On Equilibrium Existence with Endogenous Restricted Financial Participation" Journal of Mathematical Economics (2010)
Available at: http://works.bepress.com/karim_seghir/7/