Arias-R., Omar Fdo. - Volkswirtschaftliche Fakultät, … - 2014
The aim of this paper is to prove that if the consumption set of an economy with incomplete financial markets is semi-algebraic …, then the corresponding pseudo-equilibrium manifold is also semi-algebraic. For this, we proceed by constructing an … incomplete financial economy with real assets and semi-algebraic utility functions. Then, we show that the spot-equilibrium set …