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An alternative proof for the existence of Radner equilibria
- Authors
- Yoo, Seung Han
- Issue Date
- 7월-2013
- Publisher
- ELSEVIER SCIENCE BV
- Citation
- MATHEMATICAL SOCIAL SCIENCES, v.66, no.1, pp.87 - 90
- Indexed
- SCIE
SSCI
SCOPUS
- Journal Title
- MATHEMATICAL SOCIAL SCIENCES
- Volume
- 66
- Number
- 1
- Start Page
- 87
- End Page
- 90
- ISSN
- 0165-4896
- Abstract
- This paper explores 'competitive equilibrium under uncertainty' by Radner (1968). We provide a simple proof for the existence of a Walrasian equilibrium and characterize the maximal number of markets in the extended Arrow-Debreu economy. (c) 2013 Elsevier B.V. All rights reserved.
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