Sperner’s lemma and competitive equilibrium with incomplete financial markets

C-Tier
Journal: Economics Letters
Year: 2024
Volume: 238
Issue: C

Score contribution per author:

0.251 = (α=2.01 / 4 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We establish the existence of a competitive equilibrium in a two-period stochastic economy with incomplete financial markets by using Sperner’s lemma. Our existence result covers (but is not limited to) several results in the literature, including the cases of nominal and numéraire assets. Moreover, there may exist a continuum of equilibrium prices.

Technical Details

RePEc Handle
repec:eee:ecolet:v:238:y:2024:i:c:s0165176524002039
Journal Field
General
Author Count
4
Added to Database
2026-01-25