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Determination of general equilibrium with incomplete markets and default penalties

Zhan, Y; Dang, CY

Zhan, Y (corresponding author), Nanjing Univ, Sch Management & Engn, Dept Management Sci & Engn, Nanjing, Peoples R China.; Zhan, Y (corresponding author), City Univ Hong Kong, Dept Syst Engn & Engn Management, Hong Kong, Peoples R China.

JOURNAL OF MATHEMATICAL ECONOMICS, 2021; 92 (): 49

Abstract

This paper is concerned with the existence and computation of general equilibrium with incomplete asset markets and default. Due to the incompleteness......

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