Abstract
In this note we prove the existence of Radner equilibrium of plans, prices, and price expectations in an exchange economy with incomplete financial markets without monotonic or ordered preferences.
Original language | English (US) |
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Pages (from-to) | 379-382 |
Number of pages | 4 |
Journal | Journal of Economic Theory |
Volume | 49 |
Issue number | 2 |
DOIs | |
State | Published - Dec 1989 |