During the period 1978-1980, public policy toward U.S.-regulated utilities mandated residential conservation programs. Public utilities encouraged residential customers to invest in home conservation measures to help meet the national goal of energy security. The actual programs growing out of...

An abundant literature is concerned with the existence of equilibrium in incomplete markets where participation to financial markets is not restricted. To mention a few, Cass (1984), Werner (1985), Geanakoplos and Polemarchakis (1986), Duffie (1987), Duffie and Shafer (1985) and Magill and...