An alternative proof for the existence of Radner equilibria

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Abstract

This paper explores 'competitive equilibrium under uncertainty' by Radner (1968). We provide a simple proof for the existence of a Walrasian equilibrium and characterize the maximal number of markets in the extended Arrow-Debreu economy.

Original languageEnglish
Pages (from-to)87-90
Number of pages4
JournalMathematical Social Sciences
Volume66
Issue number1
DOIs
Publication statusPublished - 2013 Jul 1

ASJC Scopus subject areas

  • Statistics, Probability and Uncertainty
  • Social Sciences(all)
  • Psychology(all)
  • Sociology and Political Science

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