Title: Equilibrium with a Finite Number of Pricing Functions
Abstract: This paper provides a more general approach to an equilibrium notion including some well-known models as partial cases (Arrow-Debreu model, some cases of Dierker-Guesnerie-Neuefeind model etc.). The structure of this model is like Arrow-Debreu one, however it has some essential differences. The economy deals here with a finite number of pricing rules given as continous price functions on a compact set called a set of distributions of controlling parameters of economy. The generalizing property of the model is explained in some examples and existence of an equilibrium is proved.
Creation-Date: March 1991
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