Unawareness and bankruptcy: A general equilibrium model

被引:0
|
作者
Salvatore Modica
Aldo Rustichini
J.-Marc Tallon
机构
[1] Universita` di Palermo,
[2] IMRO,undefined
[3] I-98121 Palermo,undefined
[4] ITALY,undefined
[5] CentER,undefined
[6] Tilburg University,undefined
[7] P.O. Box 90153,undefined
[8] NL-5000 LE Tilburg,undefined
[9] THE NETHERLANDS,undefined
[10] CNRS-MAD,undefined
[11] Université Paris I,undefined
[12] F-75634 Paris Cedex 13,undefined
[13] FRANCE,undefined
来源
Economic Theory | 1998年 / 12卷
关键词
JEL Classification Numbers: D4; D52; D81; D84.;
D O I
暂无
中图分类号
学科分类号
摘要
We present a consistent pure-exchange general equilibrium model where agents may not be able to foresee all possible future contingencies. In this context, even with nominal assets and complete asset markets, an equilibrium may not exist without appropriate assumptions. Specific examples are provided.
引用
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页码:259 / 292
页数:33
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