Equilibrium in stochastic economies with incomplete financial markets

Authors

  • José Fajardo Barbachan Catholic University of Brasilia

DOI:

https://doi.org/10.12660/bre.v22n12002.2745

Keywords:

Representative Agent, Incomplete Markets, Stochastic Economy.

Abstract

We construct a representative agent supporting regular equilibria in a stochastic economy with more than two agents. Then we give conditions for the existence of equilibria. In this way we extend the results of Cuoco and He (1994).

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Published

2002-05-01

Issue

Vol. 22 No. 1 (2002)

Section

Articles