ISSN:
1432-0479
Keywords:
JEL Classification Number: D52.
Source:
Springer Online Journal Archives 1860-2000
Topics:
Economics
Notes:
Summary. We show that when bankruptcy, subject to penalties, is allowed, it is possible to prove the existence of equilibrium in a model with a continuum of states without imposing any assumptions on ex-post endowments.
Type of Medium:
Electronic Resource
URL:
http://dx.doi.org/10.1007/s001990050185