Incomplete markets
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Cheltenham, Glos, UK ; Northampton, Mass
Edward Elgar
2008
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| 245 | 1 | 0 | |a Incomplete markets |c Michael Magill and Martine Quinzii |
| 264 | 1 | |a Cheltenham, Glos, UK ; Northampton, Mass |b Edward Elgar |c 2008 | |
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| 500 | |a The recommended readings are available in the print version, or may be available via the link to your library's holdings. - Includes bibliographical references | ||
| 505 | 8 | |a Recommended readings (Machine generated): K.J. Arrow [1953], (1964), 'The Role of Securities in the Optimal Allocation of Risk-Bearing', Review of Economic Studies, 31 (2), April, 91-6 -- Peter A. Diamond (1967), 'The Role of a Stock Market in a General Equilibrium Model with Technological Uncertainty', American Economic Review, 57 (4), September, 759-76 -- Roy Radner (1972), 'Existence of Equilibrium of Plans, Prices, and Price Expectations in a Sequence of Markets', Econometrica, 40 (2), March, 289-303 -- Jacques H. Drèze (1974), 'Investment Under Private Ownership: Optimality, Equilibrium and Stability', in Jacques H. Dreze (ed) (ed.), Allocation Under Uncertainty: Equilibrium and Optimality, Chapter 9, New York, NY: John Wiley and Sons, 129-66 -- Oliver D. Hart (1975), 'On the Optimality of Equilibrium when the Market Structure is Incomplete', Journal of Economic Theory, 11 (3), December, 418-43 -- | |
| 505 | 8 | |a David Cass (2006), 'Competitive Equilibrium with Incomplete Financial Markets', Journal of Mathematical Economics, 42 (4/5), 384-405 -- Michael J.P. Magill and Wayne J. Shafer (1990), 'Characterisation of Generically Complete Real Asset Structures', Journal of Mathematical Economics, 19 (1/2), 167-94 -- Darrell Duffie and Wayne Shafer (1985), 'Equilibrium in Incomplete Markets: I. A Basic Model of Generic Existence', Journal of Mathematical Economics, 14 (3), 285-300 -- M.D. Hirsch, M. Magill and A. Mas-Colell (1990), 'A Geometric Approach to a Class of Equilibrium Existence Theorems', Journal of Mathematical Economics, 19 (1/2), 95-106 -- Steinar Ekern and Robert Wilson (1974), 'On the Theory of the Firm in an Economy with Incomplete Markets', Bell Journal of Economics and Management Science, 5 (1), Spring, 171-80 -- | |
| 505 | 8 | |a Roy Radner (1974), 'A Note on Unanimity of Stockholders' Preferences among Alternative Production Plans: A Reformulation of the Ekern-Wilson Model', Bell Journal of Economics and Management Science, 5 (1), Spring, 181-4 -- Sanford J. Grossman and Oliver D. Hart (1979), 'A Theory of Competitive Equilibrium in Stock Market Economies', Econometrica, 47 (2), March, 293-329 -- Joseph E. Stiglitz (1982), 'The Inefficiency of the Stock Market Equilibrium', Review of Economic Studies, XLIX (2), April, 241-61 -- John D. Geanakoplos and Heraklis M. Polemarchakis (1986), 'Existence, Regularity, and Constrained Suboptimality of Competitive Allocations when the Asset Market is Incomplete', in Walter P. Heller (ed), Ross M. Starr (ed) and David A. Starrett (ed) (eds), Uncertainty, Information, and Communication: Essays in Honor of Kenneth J. Arrow, Volume III, Chapter 3, Cambridge: Cambridge University Press, 65-95 -- | |
| 505 | 8 | |a J. Geanakoplos, M. Magill, M. Quinzii and J. Drèze (1990), 'Generic Inefficiency of Stock Market Equilibrium when Markets are Incomplete', Journal of Mathematical Economics, 19 (1/2), 113-51 -- Alessandro Citanna, Atsushi Kajii and Antonio Villanacci (1998), 'Constrained Suboptimality in Incomplete Markets: A General Approach and Two Applications', Economic Theory, 11 (3), 495-521 -- John Geanakoplos and Andreu Mas-Colell (1989), 'Real Indeterminacy with Financial Assets', Journal of Economic Theory, 47 (1), February, 22-38 -- David Cass (1992), 'Sunspots and Incomplete Financial Markets: The General Case', Economic Theory, 2 (3), 341-58 -- Piero Gottardi and Atsushi Kajii (1999), 'The Structure of Sunspot Equilibria: The Role of Multiplicity', Review of Economic Studies, 66 (3), July, 713-32 | |
| 505 | 8 | |a M. Magill and M. Quinzii (1992), 'Real Effects of Money in General Equilibrium', Journal of Mathematical Economics, 21 (4), 301-42 -- Pradeep Dubey and John Geanakoplos (2003), 'Monetary Equilibrium with Missing Markets', Journal of Mathematical Economics, 39 (5/6), 585-618 -- David Cass and Alessandro Citanna (1998), 'Pareto Improving Financial Innovation in Incomplete Markets', Economic Theory, 11 (3), 467-94 -- Ronel Elul (1999), 'Welfare-Improving Financial Innovation with a Single Good', Economic Theory, 13 (1), 25-40 -- Gabrielle Demange and Guy Laroque (1995), 'Optimality of Incomplete Markets', Journal of Economic Theory, 65 (1), February, 218-32 -- Michael Magill and Martine Quinzii (1997), 'Which Improves Welfare More: A Nominal or an Indexed Bond?', Economic Theory, 10 (1), 1-37 -- Pradeep Dubey, John Geanakoplos and Martin Shubik (2005), 'Default and Punishment in General Equilibrium', Econometrica, 73 (1), January, 1-37 -- | |
| 505 | 8 | |a Michael Magill and Martine Quinzii (1994), 'Infinite Horizon Incomplete Markets', Econometrica, 62 (4), July, 853-80 -- Alejandro Hernández D. and Manuel S. Santos (1996), 'Competitive Equilibria for Infinite-Horizon Economies with Incomplete Markets', Journal of Economic Theory, 71 (1), October, 102-30 -- Michael Magill and Martine Quinzii (1996), 'Incomplete Markets over an Infinite Horizon: Long-Lived Securities and Speculative Bubbles', Journal of Mathematical Economics, 26 (1), 133-70 -- Manuel S. Santos and Michael Woodford (1997), 'Rational Asset Pricing Bubbles', Econometrica, 65 (1), January, 19-57 -- Aloisio Araujo, Mario Rui Pascoa and Juan Pablo Torres-Martmez (2002), 'Collateral Avoids Ponzi Schemes in Incomplete Markets', Econometrica, 70 (4), July, 1613-38 -- Fernando Alvarez and Urban J. Jermann (2000), 'Efficiency, Equilibrium, and Asset Pricing with Risk of Default', Econometrica, 68 (4), July, 775-97 -- | |
| 505 | 8 | |a D. Duffie, J. Geanakoplos, A. Mas-Colell and A. McLennan (1994), 'Stationary Markov Equilibria', Econometrica, 62 (4), July, 745-81 -- Felix Kubler and Karl Schmedders (2003), 'Stationary Equilibria in Asset-Pricing Models with Incomplete Markets and Collateral', Econometrica, 71 (6), November, 1767-93 -- Mark Huggett (1993), 'The Risk-Free Rate in Heterogeneous-Agent, Incomplete-Insurance Economies', Journal of Economic Dynamics and Control, 17 (5/6), September/November, 953-69 -- S. Rao Aiyagari (1994), 'Uninsured Idiosyncratic Risk and Aggregate Saving', Quarterly Journal of Economics, 109 (3), August, 659-84 -- Per Krusell and Anthony A. Smith, Jr. (1998), 'Income and Wealth Heterogeneity in the Macroeconomy', Journal of Political Economy, 106 (5), October, 867-96 -- David K. Levine and William R. Zame (2002), 'Does Market Incompleteness Matter?', Econometrica, 70 (5), September, 1805-39 | |
| 505 | 8 | |a John Heaton and Deborah J. Lucas (1996), 'Evaluating the Effects of Incomplete Markets on Risk Sharing and Asset Pricing', Journal of Political Economy, 104 (3), June, 443-87 -- George M. Constantinides and Darrell Duffie (1996), 'Asset Pricing with Heterogeneous Consumers', Journal of Political Economy, 104 (2), April, 219-40 | |
| 505 | 8 | |a This two-volume set offers an extraordinary précis of classic articles on the general equilibrium theory of incomplete markets. The first volume presents the contributions to the theory of incomplete markets over a finite horizon. Many of the papers focus on two-period economies. This setting provides the simplest version of the incomplete-market model. However, the study of incomplete markets has evolved from finite to infinite horizon economies. The second volume examines the interesting new technical and conceptual issues that arise from the exploration of incomplete market economies over an open-ended future. The editors have written new, authoritative introductions to each volume, which provide a comprehensive overview and informative discussion of the issues | |
| 650 | 4 | |a Equilibrium (Economics) |a Uncertainty |a Capital market | |
| 700 | 1 | |a Magill, Michael J. P. |4 oth | |
| 700 | 1 | |a Quinzii, Martine |4 oth | |
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| contents | Recommended readings (Machine generated): K.J. Arrow [1953], (1964), 'The Role of Securities in the Optimal Allocation of Risk-Bearing', Review of Economic Studies, 31 (2), April, 91-6 -- Peter A. Diamond (1967), 'The Role of a Stock Market in a General Equilibrium Model with Technological Uncertainty', American Economic Review, 57 (4), September, 759-76 -- Roy Radner (1972), 'Existence of Equilibrium of Plans, Prices, and Price Expectations in a Sequence of Markets', Econometrica, 40 (2), March, 289-303 -- Jacques H. Drèze (1974), 'Investment Under Private Ownership: Optimality, Equilibrium and Stability', in Jacques H. Dreze (ed) (ed.), Allocation Under Uncertainty: Equilibrium and Optimality, Chapter 9, New York, NY: John Wiley and Sons, 129-66 -- Oliver D. Hart (1975), 'On the Optimality of Equilibrium when the Market Structure is Incomplete', Journal of Economic Theory, 11 (3), December, 418-43 -- David Cass (2006), 'Competitive Equilibrium with Incomplete Financial Markets', Journal of Mathematical Economics, 42 (4/5), 384-405 -- Michael J.P. Magill and Wayne J. Shafer (1990), 'Characterisation of Generically Complete Real Asset Structures', Journal of Mathematical Economics, 19 (1/2), 167-94 -- Darrell Duffie and Wayne Shafer (1985), 'Equilibrium in Incomplete Markets: I. A Basic Model of Generic Existence', Journal of Mathematical Economics, 14 (3), 285-300 -- M.D. Hirsch, M. Magill and A. Mas-Colell (1990), 'A Geometric Approach to a Class of Equilibrium Existence Theorems', Journal of Mathematical Economics, 19 (1/2), 95-106 -- Steinar Ekern and Robert Wilson (1974), 'On the Theory of the Firm in an Economy with Incomplete Markets', Bell Journal of Economics and Management Science, 5 (1), Spring, 171-80 -- Roy Radner (1974), 'A Note on Unanimity of Stockholders' Preferences among Alternative Production Plans: A Reformulation of the Ekern-Wilson Model', Bell Journal of Economics and Management Science, 5 (1), Spring, 181-4 -- Sanford J. Grossman and Oliver D. Hart (1979), 'A Theory of Competitive Equilibrium in Stock Market Economies', Econometrica, 47 (2), March, 293-329 -- Joseph E. Stiglitz (1982), 'The Inefficiency of the Stock Market Equilibrium', Review of Economic Studies, XLIX (2), April, 241-61 -- John D. Geanakoplos and Heraklis M. Polemarchakis (1986), 'Existence, Regularity, and Constrained Suboptimality of Competitive Allocations when the Asset Market is Incomplete', in Walter P. Heller (ed), Ross M. Starr (ed) and David A. Starrett (ed) (eds), Uncertainty, Information, and Communication: Essays in Honor of Kenneth J. Arrow, Volume III, Chapter 3, Cambridge: Cambridge University Press, 65-95 -- J. Geanakoplos, M. Magill, M. Quinzii and J. Drèze (1990), 'Generic Inefficiency of Stock Market Equilibrium when Markets are Incomplete', Journal of Mathematical Economics, 19 (1/2), 113-51 -- Alessandro Citanna, Atsushi Kajii and Antonio Villanacci (1998), 'Constrained Suboptimality in Incomplete Markets: A General Approach and Two Applications', Economic Theory, 11 (3), 495-521 -- John Geanakoplos and Andreu Mas-Colell (1989), 'Real Indeterminacy with Financial Assets', Journal of Economic Theory, 47 (1), February, 22-38 -- David Cass (1992), 'Sunspots and Incomplete Financial Markets: The General Case', Economic Theory, 2 (3), 341-58 -- Piero Gottardi and Atsushi Kajii (1999), 'The Structure of Sunspot Equilibria: The Role of Multiplicity', Review of Economic Studies, 66 (3), July, 713-32 M. Magill and M. Quinzii (1992), 'Real Effects of Money in General Equilibrium', Journal of Mathematical Economics, 21 (4), 301-42 -- Pradeep Dubey and John Geanakoplos (2003), 'Monetary Equilibrium with Missing Markets', Journal of Mathematical Economics, 39 (5/6), 585-618 -- David Cass and Alessandro Citanna (1998), 'Pareto Improving Financial Innovation in Incomplete Markets', Economic Theory, 11 (3), 467-94 -- Ronel Elul (1999), 'Welfare-Improving Financial Innovation with a Single Good', Economic Theory, 13 (1), 25-40 -- Gabrielle Demange and Guy Laroque (1995), 'Optimality of Incomplete Markets', Journal of Economic Theory, 65 (1), February, 218-32 -- Michael Magill and Martine Quinzii (1997), 'Which Improves Welfare More: A Nominal or an Indexed Bond?', Economic Theory, 10 (1), 1-37 -- Pradeep Dubey, John Geanakoplos and Martin Shubik (2005), 'Default and Punishment in General Equilibrium', Econometrica, 73 (1), January, 1-37 -- Michael Magill and Martine Quinzii (1994), 'Infinite Horizon Incomplete Markets', Econometrica, 62 (4), July, 853-80 -- Alejandro Hernández D. and Manuel S. Santos (1996), 'Competitive Equilibria for Infinite-Horizon Economies with Incomplete Markets', Journal of Economic Theory, 71 (1), October, 102-30 -- Michael Magill and Martine Quinzii (1996), 'Incomplete Markets over an Infinite Horizon: Long-Lived Securities and Speculative Bubbles', Journal of Mathematical Economics, 26 (1), 133-70 -- Manuel S. Santos and Michael Woodford (1997), 'Rational Asset Pricing Bubbles', Econometrica, 65 (1), January, 19-57 -- Aloisio Araujo, Mario Rui Pascoa and Juan Pablo Torres-Martmez (2002), 'Collateral Avoids Ponzi Schemes in Incomplete Markets', Econometrica, 70 (4), July, 1613-38 -- Fernando Alvarez and Urban J. Jermann (2000), 'Efficiency, Equilibrium, and Asset Pricing with Risk of Default', Econometrica, 68 (4), July, 775-97 -- D. Duffie, J. Geanakoplos, A. Mas-Colell and A. McLennan (1994), 'Stationary Markov Equilibria', Econometrica, 62 (4), July, 745-81 -- Felix Kubler and Karl Schmedders (2003), 'Stationary Equilibria in Asset-Pricing Models with Incomplete Markets and Collateral', Econometrica, 71 (6), November, 1767-93 -- Mark Huggett (1993), 'The Risk-Free Rate in Heterogeneous-Agent, Incomplete-Insurance Economies', Journal of Economic Dynamics and Control, 17 (5/6), September/November, 953-69 -- S. Rao Aiyagari (1994), 'Uninsured Idiosyncratic Risk and Aggregate Saving', Quarterly Journal of Economics, 109 (3), August, 659-84 -- Per Krusell and Anthony A. Smith, Jr. (1998), 'Income and Wealth Heterogeneity in the Macroeconomy', Journal of Political Economy, 106 (5), October, 867-96 -- David K. Levine and William R. Zame (2002), 'Does Market Incompleteness Matter?', Econometrica, 70 (5), September, 1805-39 John Heaton and Deborah J. Lucas (1996), 'Evaluating the Effects of Incomplete Markets on Risk Sharing and Asset Pricing', Journal of Political Economy, 104 (3), June, 443-87 -- George M. Constantinides and Darrell Duffie (1996), 'Asset Pricing with Heterogeneous Consumers', Journal of Political Economy, 104 (2), April, 219-40 This two-volume set offers an extraordinary précis of classic articles on the general equilibrium theory of incomplete markets. The first volume presents the contributions to the theory of incomplete markets over a finite horizon. Many of the papers focus on two-period economies. This setting provides the simplest version of the incomplete-market model. However, the study of incomplete markets has evolved from finite to infinite horizon economies. The second volume examines the interesting new technical and conceptual issues that arise from the exploration of incomplete market economies over an open-ended future. The editors have written new, authoritative introductions to each volume, which provide a comprehensive overview and informative discussion of the issues |
| ctrlnum | (ZDB-1-EWE)NLM010891463 (OCoLC)1312694528 (DE-599)BVBBV047923526 |
| dewey-full | 339.5 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 339 - Macroeconomics and related topics |
| dewey-raw | LOC 339.5 |
| dewey-search | LOC 339.5 |
| dewey-sort | 3339.5 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| doi_str_mv | 10.4337/9781785366918 |
| format | Electronic eBook |
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Arrow [1953], (1964), 'The Role of Securities in the Optimal Allocation of Risk-Bearing', Review of Economic Studies, 31 (2), April, 91-6 -- Peter A. Diamond (1967), 'The Role of a Stock Market in a General Equilibrium Model with Technological Uncertainty', American Economic Review, 57 (4), September, 759-76 -- Roy Radner (1972), 'Existence of Equilibrium of Plans, Prices, and Price Expectations in a Sequence of Markets', Econometrica, 40 (2), March, 289-303 -- Jacques H. Drèze (1974), 'Investment Under Private Ownership: Optimality, Equilibrium and Stability', in Jacques H. Dreze (ed) (ed.), Allocation Under Uncertainty: Equilibrium and Optimality, Chapter 9, New York, NY: John Wiley and Sons, 129-66 -- Oliver D. Hart (1975), 'On the Optimality of Equilibrium when the Market Structure is Incomplete', Journal of Economic Theory, 11 (3), December, 418-43 -- </subfield></datafield><datafield tag="505" ind1="8" ind2=" "><subfield code="a">David Cass (2006), 'Competitive Equilibrium with Incomplete Financial Markets', Journal of Mathematical Economics, 42 (4/5), 384-405 -- Michael J.P. Magill and Wayne J. Shafer (1990), 'Characterisation of Generically Complete Real Asset Structures', Journal of Mathematical Economics, 19 (1/2), 167-94 -- Darrell Duffie and Wayne Shafer (1985), 'Equilibrium in Incomplete Markets: I. A Basic Model of Generic Existence', Journal of Mathematical Economics, 14 (3), 285-300 -- M.D. Hirsch, M. Magill and A. Mas-Colell (1990), 'A Geometric Approach to a Class of Equilibrium Existence Theorems', Journal of Mathematical Economics, 19 (1/2), 95-106 -- Steinar Ekern and Robert Wilson (1974), 'On the Theory of the Firm in an Economy with Incomplete Markets', Bell Journal of Economics and Management Science, 5 (1), Spring, 171-80 -- </subfield></datafield><datafield tag="505" ind1="8" ind2=" "><subfield code="a">Roy Radner (1974), 'A Note on Unanimity of Stockholders' Preferences among Alternative Production Plans: A Reformulation of the Ekern-Wilson Model', Bell Journal of Economics and Management Science, 5 (1), Spring, 181-4 -- Sanford J. Grossman and Oliver D. Hart (1979), 'A Theory of Competitive Equilibrium in Stock Market Economies', Econometrica, 47 (2), March, 293-329 -- Joseph E. Stiglitz (1982), 'The Inefficiency of the Stock Market Equilibrium', Review of Economic Studies, XLIX (2), April, 241-61 -- John D. Geanakoplos and Heraklis M. Polemarchakis (1986), 'Existence, Regularity, and Constrained Suboptimality of Competitive Allocations when the Asset Market is Incomplete', in Walter P. Heller (ed), Ross M. Starr (ed) and David A. Starrett (ed) (eds), Uncertainty, Information, and Communication: Essays in Honor of Kenneth J. Arrow, Volume III, Chapter 3, Cambridge: Cambridge University Press, 65-95 -- </subfield></datafield><datafield tag="505" ind1="8" ind2=" "><subfield code="a">J. Geanakoplos, M. Magill, M. Quinzii and J. Drèze (1990), 'Generic Inefficiency of Stock Market Equilibrium when Markets are Incomplete', Journal of Mathematical Economics, 19 (1/2), 113-51 -- Alessandro Citanna, Atsushi Kajii and Antonio Villanacci (1998), 'Constrained Suboptimality in Incomplete Markets: A General Approach and Two Applications', Economic Theory, 11 (3), 495-521 -- John Geanakoplos and Andreu Mas-Colell (1989), 'Real Indeterminacy with Financial Assets', Journal of Economic Theory, 47 (1), February, 22-38 -- David Cass (1992), 'Sunspots and Incomplete Financial Markets: The General Case', Economic Theory, 2 (3), 341-58 -- Piero Gottardi and Atsushi Kajii (1999), 'The Structure of Sunspot Equilibria: The Role of Multiplicity', Review of Economic Studies, 66 (3), July, 713-32</subfield></datafield><datafield tag="505" ind1="8" ind2=" "><subfield code="a">M. Magill and M. Quinzii (1992), 'Real Effects of Money in General Equilibrium', Journal of Mathematical Economics, 21 (4), 301-42 -- Pradeep Dubey and John Geanakoplos (2003), 'Monetary Equilibrium with Missing Markets', Journal of Mathematical Economics, 39 (5/6), 585-618 -- David Cass and Alessandro Citanna (1998), 'Pareto Improving Financial Innovation in Incomplete Markets', Economic Theory, 11 (3), 467-94 -- Ronel Elul (1999), 'Welfare-Improving Financial Innovation with a Single Good', Economic Theory, 13 (1), 25-40 -- Gabrielle Demange and Guy Laroque (1995), 'Optimality of Incomplete Markets', Journal of Economic Theory, 65 (1), February, 218-32 -- Michael Magill and Martine Quinzii (1997), 'Which Improves Welfare More: A Nominal or an Indexed Bond?', Economic Theory, 10 (1), 1-37 -- Pradeep Dubey, John Geanakoplos and Martin Shubik (2005), 'Default and Punishment in General Equilibrium', Econometrica, 73 (1), January, 1-37 -- </subfield></datafield><datafield tag="505" ind1="8" ind2=" "><subfield code="a">Michael Magill and Martine Quinzii (1994), 'Infinite Horizon Incomplete Markets', Econometrica, 62 (4), July, 853-80 -- Alejandro Hernández D. and Manuel S. Santos (1996), 'Competitive Equilibria for Infinite-Horizon Economies with Incomplete Markets', Journal of Economic Theory, 71 (1), October, 102-30 -- Michael Magill and Martine Quinzii (1996), 'Incomplete Markets over an Infinite Horizon: Long-Lived Securities and Speculative Bubbles', Journal of Mathematical Economics, 26 (1), 133-70 -- Manuel S. Santos and Michael Woodford (1997), 'Rational Asset Pricing Bubbles', Econometrica, 65 (1), January, 19-57 -- Aloisio Araujo, Mario Rui Pascoa and Juan Pablo Torres-Martmez (2002), 'Collateral Avoids Ponzi Schemes in Incomplete Markets', Econometrica, 70 (4), July, 1613-38 -- Fernando Alvarez and Urban J. Jermann (2000), 'Efficiency, Equilibrium, and Asset Pricing with Risk of Default', Econometrica, 68 (4), July, 775-97 -- </subfield></datafield><datafield tag="505" ind1="8" ind2=" "><subfield code="a">D. Duffie, J. Geanakoplos, A. Mas-Colell and A. McLennan (1994), 'Stationary Markov Equilibria', Econometrica, 62 (4), July, 745-81 -- Felix Kubler and Karl Schmedders (2003), 'Stationary Equilibria in Asset-Pricing Models with Incomplete Markets and Collateral', Econometrica, 71 (6), November, 1767-93 -- Mark Huggett (1993), 'The Risk-Free Rate in Heterogeneous-Agent, Incomplete-Insurance Economies', Journal of Economic Dynamics and Control, 17 (5/6), September/November, 953-69 -- S. Rao Aiyagari (1994), 'Uninsured Idiosyncratic Risk and Aggregate Saving', Quarterly Journal of Economics, 109 (3), August, 659-84 -- Per Krusell and Anthony A. Smith, Jr. (1998), 'Income and Wealth Heterogeneity in the Macroeconomy', Journal of Political Economy, 106 (5), October, 867-96 -- David K. Levine and William R. Zame (2002), 'Does Market Incompleteness Matter?', Econometrica, 70 (5), September, 1805-39</subfield></datafield><datafield tag="505" ind1="8" ind2=" "><subfield code="a">John Heaton and Deborah J. 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| id | DE-604.BV047923526 |
| illustrated | Not Illustrated |
| indexdate | 2024-12-24T09:13:50Z |
| institution | BVB |
| isbn | 9781785366918 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-033305113 |
| oclc_num | 1312694528 |
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| physical | 1 Online-Ressource (2 v) |
| psigel | ZDB-1-EWE |
| publishDate | 2008 |
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| publisher | Edward Elgar |
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| spellingShingle | Incomplete markets Recommended readings (Machine generated): K.J. Arrow [1953], (1964), 'The Role of Securities in the Optimal Allocation of Risk-Bearing', Review of Economic Studies, 31 (2), April, 91-6 -- Peter A. Diamond (1967), 'The Role of a Stock Market in a General Equilibrium Model with Technological Uncertainty', American Economic Review, 57 (4), September, 759-76 -- Roy Radner (1972), 'Existence of Equilibrium of Plans, Prices, and Price Expectations in a Sequence of Markets', Econometrica, 40 (2), March, 289-303 -- Jacques H. Drèze (1974), 'Investment Under Private Ownership: Optimality, Equilibrium and Stability', in Jacques H. Dreze (ed) (ed.), Allocation Under Uncertainty: Equilibrium and Optimality, Chapter 9, New York, NY: John Wiley and Sons, 129-66 -- Oliver D. Hart (1975), 'On the Optimality of Equilibrium when the Market Structure is Incomplete', Journal of Economic Theory, 11 (3), December, 418-43 -- David Cass (2006), 'Competitive Equilibrium with Incomplete Financial Markets', Journal of Mathematical Economics, 42 (4/5), 384-405 -- Michael J.P. Magill and Wayne J. Shafer (1990), 'Characterisation of Generically Complete Real Asset Structures', Journal of Mathematical Economics, 19 (1/2), 167-94 -- Darrell Duffie and Wayne Shafer (1985), 'Equilibrium in Incomplete Markets: I. A Basic Model of Generic Existence', Journal of Mathematical Economics, 14 (3), 285-300 -- M.D. Hirsch, M. Magill and A. Mas-Colell (1990), 'A Geometric Approach to a Class of Equilibrium Existence Theorems', Journal of Mathematical Economics, 19 (1/2), 95-106 -- Steinar Ekern and Robert Wilson (1974), 'On the Theory of the Firm in an Economy with Incomplete Markets', Bell Journal of Economics and Management Science, 5 (1), Spring, 171-80 -- Roy Radner (1974), 'A Note on Unanimity of Stockholders' Preferences among Alternative Production Plans: A Reformulation of the Ekern-Wilson Model', Bell Journal of Economics and Management Science, 5 (1), Spring, 181-4 -- Sanford J. Grossman and Oliver D. Hart (1979), 'A Theory of Competitive Equilibrium in Stock Market Economies', Econometrica, 47 (2), March, 293-329 -- Joseph E. Stiglitz (1982), 'The Inefficiency of the Stock Market Equilibrium', Review of Economic Studies, XLIX (2), April, 241-61 -- John D. Geanakoplos and Heraklis M. Polemarchakis (1986), 'Existence, Regularity, and Constrained Suboptimality of Competitive Allocations when the Asset Market is Incomplete', in Walter P. Heller (ed), Ross M. Starr (ed) and David A. Starrett (ed) (eds), Uncertainty, Information, and Communication: Essays in Honor of Kenneth J. Arrow, Volume III, Chapter 3, Cambridge: Cambridge University Press, 65-95 -- J. Geanakoplos, M. Magill, M. Quinzii and J. Drèze (1990), 'Generic Inefficiency of Stock Market Equilibrium when Markets are Incomplete', Journal of Mathematical Economics, 19 (1/2), 113-51 -- Alessandro Citanna, Atsushi Kajii and Antonio Villanacci (1998), 'Constrained Suboptimality in Incomplete Markets: A General Approach and Two Applications', Economic Theory, 11 (3), 495-521 -- John Geanakoplos and Andreu Mas-Colell (1989), 'Real Indeterminacy with Financial Assets', Journal of Economic Theory, 47 (1), February, 22-38 -- David Cass (1992), 'Sunspots and Incomplete Financial Markets: The General Case', Economic Theory, 2 (3), 341-58 -- Piero Gottardi and Atsushi Kajii (1999), 'The Structure of Sunspot Equilibria: The Role of Multiplicity', Review of Economic Studies, 66 (3), July, 713-32 M. Magill and M. Quinzii (1992), 'Real Effects of Money in General Equilibrium', Journal of Mathematical Economics, 21 (4), 301-42 -- Pradeep Dubey and John Geanakoplos (2003), 'Monetary Equilibrium with Missing Markets', Journal of Mathematical Economics, 39 (5/6), 585-618 -- David Cass and Alessandro Citanna (1998), 'Pareto Improving Financial Innovation in Incomplete Markets', Economic Theory, 11 (3), 467-94 -- Ronel Elul (1999), 'Welfare-Improving Financial Innovation with a Single Good', Economic Theory, 13 (1), 25-40 -- Gabrielle Demange and Guy Laroque (1995), 'Optimality of Incomplete Markets', Journal of Economic Theory, 65 (1), February, 218-32 -- Michael Magill and Martine Quinzii (1997), 'Which Improves Welfare More: A Nominal or an Indexed Bond?', Economic Theory, 10 (1), 1-37 -- Pradeep Dubey, John Geanakoplos and Martin Shubik (2005), 'Default and Punishment in General Equilibrium', Econometrica, 73 (1), January, 1-37 -- Michael Magill and Martine Quinzii (1994), 'Infinite Horizon Incomplete Markets', Econometrica, 62 (4), July, 853-80 -- Alejandro Hernández D. and Manuel S. Santos (1996), 'Competitive Equilibria for Infinite-Horizon Economies with Incomplete Markets', Journal of Economic Theory, 71 (1), October, 102-30 -- Michael Magill and Martine Quinzii (1996), 'Incomplete Markets over an Infinite Horizon: Long-Lived Securities and Speculative Bubbles', Journal of Mathematical Economics, 26 (1), 133-70 -- Manuel S. Santos and Michael Woodford (1997), 'Rational Asset Pricing Bubbles', Econometrica, 65 (1), January, 19-57 -- Aloisio Araujo, Mario Rui Pascoa and Juan Pablo Torres-Martmez (2002), 'Collateral Avoids Ponzi Schemes in Incomplete Markets', Econometrica, 70 (4), July, 1613-38 -- Fernando Alvarez and Urban J. Jermann (2000), 'Efficiency, Equilibrium, and Asset Pricing with Risk of Default', Econometrica, 68 (4), July, 775-97 -- D. Duffie, J. Geanakoplos, A. Mas-Colell and A. McLennan (1994), 'Stationary Markov Equilibria', Econometrica, 62 (4), July, 745-81 -- Felix Kubler and Karl Schmedders (2003), 'Stationary Equilibria in Asset-Pricing Models with Incomplete Markets and Collateral', Econometrica, 71 (6), November, 1767-93 -- Mark Huggett (1993), 'The Risk-Free Rate in Heterogeneous-Agent, Incomplete-Insurance Economies', Journal of Economic Dynamics and Control, 17 (5/6), September/November, 953-69 -- S. Rao Aiyagari (1994), 'Uninsured Idiosyncratic Risk and Aggregate Saving', Quarterly Journal of Economics, 109 (3), August, 659-84 -- Per Krusell and Anthony A. Smith, Jr. (1998), 'Income and Wealth Heterogeneity in the Macroeconomy', Journal of Political Economy, 106 (5), October, 867-96 -- David K. Levine and William R. Zame (2002), 'Does Market Incompleteness Matter?', Econometrica, 70 (5), September, 1805-39 John Heaton and Deborah J. Lucas (1996), 'Evaluating the Effects of Incomplete Markets on Risk Sharing and Asset Pricing', Journal of Political Economy, 104 (3), June, 443-87 -- George M. Constantinides and Darrell Duffie (1996), 'Asset Pricing with Heterogeneous Consumers', Journal of Political Economy, 104 (2), April, 219-40 This two-volume set offers an extraordinary précis of classic articles on the general equilibrium theory of incomplete markets. The first volume presents the contributions to the theory of incomplete markets over a finite horizon. Many of the papers focus on two-period economies. This setting provides the simplest version of the incomplete-market model. However, the study of incomplete markets has evolved from finite to infinite horizon economies. The second volume examines the interesting new technical and conceptual issues that arise from the exploration of incomplete market economies over an open-ended future. The editors have written new, authoritative introductions to each volume, which provide a comprehensive overview and informative discussion of the issues Equilibrium (Economics) Uncertainty Capital market |
| title | Incomplete markets |
| title_auth | Incomplete markets |
| title_exact_search | Incomplete markets |
| title_full | Incomplete markets Michael Magill and Martine Quinzii |
| title_fullStr | Incomplete markets Michael Magill and Martine Quinzii |
| title_full_unstemmed | Incomplete markets Michael Magill and Martine Quinzii |
| title_short | Incomplete markets |
| title_sort | incomplete markets |
| topic | Equilibrium (Economics) Uncertainty Capital market |
| topic_facet | Equilibrium (Economics) Uncertainty Capital market |
| url | https://doi.org/10.4337/9781785366918 |
| work_keys_str_mv | AT magillmichaeljp incompletemarkets AT quinziimartine incompletemarkets |