CFDP 1136

Prices, Asset Markets and Indeterminacy

Author(s): 

Publication Date: November 1996

Pages: 18

Abstract: 

Competitive equilibrium allocations are indeterminate when the net trades in commodities are constrained, while the asset market is incomplete

Note: 

Published in Journal of Economic Theory (September 1998), 82(1): 46-64 [DOI]