Competitive Equilibrium with Incomplete Financial Markets

30 Pages Posted: 7 Jun 2006

See all articles by David Cass (deceased)

David Cass (deceased)

University of Pennsylvania, School of Arts & Sciences, Department of Economics (deceased)

Date Written: June 2, 2006

Abstract

This is my classic paper, written in early 1984, concerning existence and optimality in general financial equilibrium with incomplete markets for nominal assets, just now being published in a special issue of the Journal of Mathematical Economics.

Keywords: financial equilibrium, incomplete markets, Cass trick

JEL Classification: D52

Suggested Citation

Cass (deceased), David, Competitive Equilibrium with Incomplete Financial Markets (June 2, 2006). PIER Working Paper No. 06-010, Available at SSRN: https://ssrn.com/abstract=907056 or http://dx.doi.org/10.2139/ssrn.907056

David Cass (deceased) (Contact Author)

University of Pennsylvania, School of Arts & Sciences, Department of Economics (deceased)