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 language | English |
|---|---|
| Pages (from-to) | 87-90 |
| Number of pages | 4 |
| Journal | Mathematical Social Sciences |
| Volume | 66 |
| Issue number | 1 |
| DOIs | |
| Publication status | Published - 2013 Jul |
ASJC Scopus subject areas
- Sociology and Political Science
- General Social Sciences
- General Psychology
- Statistics, Probability and Uncertainty