Leisen, Dietmar P.J.; Judd, Kenneth L. - Society for Computational Economics - SCE - 2001
This paper uses an asymptotically valid expansion to derive explicitly agent's individual demand schedules and then the … complete the market. The paper studies the interaction between demand/prices, analyzes the (necessary) conditions for trade and … discusses the importance of heterogeneity. It also looks into the case in which there is only a spanning demand, but no risk …