DMCA
Implementing Arrow-Debreu Equilibria by Continuous Trading of Few Long-Lived Securities (1986)
by
Kevin X. D. Huang
,
Jan Werner
| Venue: | Econometrica |
| Citations: | 105 - 9 self |
BibTeX
@ARTICLE{Huang86implementingarrow-debreu,
author = {Kevin X. D. Huang and Jan Werner},
title = {Implementing Arrow-Debreu Equilibria by Continuous Trading of Few Long-Lived Securities},
journal = {Econometrica},
year = {1986}
}
Share
 |
 |
 |
 |
||
OpenURL
Abstract
Equilibrium model of an dynamic economy extending over an in nite sequence of dates plays an important role in modern economic theory. The basic equilibrium concept in such model is the Arrow-Debreu (or Walrasian) competitive equilibrium. In an Arrow-Debreu equilibrium it is assumed that agents can simultaneously trade
