Andres Carvajal and Alvaro Riascos (2004) Global identification from the equilibrium manifold under incomplete markets.
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We show that, even under incomplete markets, the equilibrium manifold identifies individual demands everywhere in their domains. For this, we assume conditions of smoothness, interiority and regularity, and avoid observational requirements at the individual level. It is crucial that there be date-zero consumption. As a by-product, we develop some duality theory under incomplete markets.
This is a Accepted version This version's date is: 2004 This item is not peer reviewed
https://repository.royalholloway.ac.uk/items/bcaa6bf6-b2c0-27be-a09e-f09125118284/1/
Deposited by Leanne Workman (UXYL007) on 16-Oct-2012 in Royal Holloway Research Online.Last modified on 16-Oct-2012
©2004 Andrés Carvajal and Alvaro Riascos. Short sections of text, not to exceed two paragraphs, may be quoted without explicit permission provided that full credit including © notice, is given to the source.