One of the central features of classical models of competitive markets is the generic determinacy of competitive …; thus equilibrium comparative statics are locally determinate. This paper establishes parallel results for economies with … sufficiently general to encompass many of the models that have proved important in the study of continuous-time trading in …

probabilities. That definition - which has provided the basis for much of the succeeding work on subjective probability - presumes … it; thus, they do not have subjective probabilities. These findings raise questions about the empirical relevance of much …

probabilities. That definition - which has provided the basis for much of the succeeding work on subjective probability - presumes … it; thus, they do not have subjective probabilities. These findings raise questions about the empirical relevance of much …

probabilities. That definition - which has provided the basis for much of the succeeding work on subjective probability - presumes … it; thus, they do not have subjective probabilities. These findings raise questions about the empirical relevance of much …