Notas sobre el resultado subóptimo de J. D. Geanakoplos y H. M. Polemarchakis (1986)

J.D. Geanakoplos and H.M. Polemarchakis (1986) prove the generic constrained suboptimality of equilibrium allocations in two period economies with incomplete markets. They perturb asset prices at equilibrium when the degree of market incompleteness equals one. Since prices do not parameterize the ec...

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Bibliographic Details

Main Author:	Jimenez Martínez, Antonio
Format:	Online
Language:	English
Editor:	El Colegio de México, A.C. 2007
Subjects:	teoría de transversalidad suboptimalidad restringida mercados de activos incompletos D81 transversality theory constrained suboptimality incomplete asset markets
Online Access:	https://estudioseconomicos.colmex.mx/index.php/economicos/article/view/146
Journal:	Estudios Económicos