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2 votes

Conditions for Radner Equilibrium

Condition in yellow: Each consumer $i$ is assumed to have initial wealth endowment $0$. Condition in purple: For each asset $k$, aggregate demand $\leq$ aggregate supply, which is zero by assumption....
Michael's user avatar
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Complete markets: security market equlibrium same as contingent commodity equilibrium?

You seem to be looking for information on the Radner equilibrium. Radner equilibrium is an economic concept defined by economist Roy Radner in the context of general equilibrium. The concept is an ...
Giskard's user avatar
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1 vote
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Arrow debreu equilibrium or Radner equilibrium and spot prices

I find the notation a bit unusual; it might be better to actually write out the vector $$ x^i = (x_{11}^i, x_{21}^i,x_{12}^i, x_{22}^i), $$ where the first lower index denotes the good, the second the ...
Giskard's user avatar
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1 vote
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Budget constraint in Radner Sequential Trade Equilibria

In Radner's model each actor starts with an initial endowment, an asset vector $\omega$. You can trade this to any asset portfolio $x$ that has lower or equal value, so $$x * q \leq \omega * q.$$ ...
Giskard's user avatar
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