Global Identification from the Equilibrium Manifold under Incomplete Markets Documento de trabajo uri icon

Abstracto

  • We show that even under incomplete markets, the equilibrium manifold identifies individual demands everywhere in their domains. For this, we assume conditions of smoothness, interiority and regularity, but avoid implausible observational requirements. It is crucial that there be date-zero consumption. As a by-product, we develop some duality theory under incomplete markets.

fecha de publicación

  • 2004-08

Palabras clave

  • Identification
  • Incomplete Markets

Número

  • 225