On the generic existence of Radner equilibria when there are as many securities as states of nature |
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| Affiliation: | 1. Department of Geology, Faculty of Sciences, Shahid Bahonar University of Kerman, PO Box 955, Post Code 76169-133, Kerman, Iran;2. Department of Geology, Bama Mining Company, Isfahan, Post Code 81747-54754, Iran |
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| Abstract: | We show that for a special class of economies with a sequence of markets, parametrized by the vector of initial endowments, Radner equilibria exist generically. |
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