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Gross substitution in financial markets

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  • Hens, Thorsten
  • Loeffler, Andras

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  • Hens, Thorsten & Loeffler, Andras, 1995. "Gross substitution in financial markets," Economics Letters, Elsevier, vol. 49(1), pages 39-43, July.
    • Handle: RePEc:eee:ecolet:v:49:y:1995:i:1:p:39-43
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    References listed on IDEAS

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    1. Fisher, Franklin M., 1972. "Gross substitutes and the utility function," Journal of Economic Theory, Elsevier, vol. 4(1), pages 82-87, February.
    2. Mitchell, Douglas W, 1994. "Relative Risk Aversion with Arrow-Debreu Securities," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 35(1), pages 257-258, February.
    3. Kirman, Alan, 1989. "The Intrinsic Limits of Modern Economic Theory: The Emperor Has No Clothes," Economic Journal, Royal Economic Society, vol. 99(395), pages 126-139, Supplemen.
    4. Rubinstein, Mark, 1974. "An aggregation theorem for securities markets," Journal of Financial Economics, Elsevier, vol. 1(3), pages 225-244, September.
    5. Koch, Karl-Josef, 1989. "Mean demand when consumers satisfy the weak axiom of revealed preference," Journal of Mathematical Economics, Elsevier, vol. 18(4), pages 347-356, September.
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    Cited by:

    1. Phelan, Gregory & Toda, Alexis Akira, 2019. "Securitized markets, international capital flows, and global welfare," Journal of Financial Economics, Elsevier, vol. 131(3), pages 571-592.
    2. Centeno, Alex, 2020. "A Note on the Application of Schubert Calculus in Heterogeneous Economies With Pure Exchange," MPRA Paper 98944, University Library of Munich, Germany.
    3. Toda, Alexis Akira, 2019. "Wealth distribution with random discount factors," Journal of Monetary Economics, Elsevier, vol. 104(C), pages 101-113.
    4. Giménez, Eduardo L., 2022. "Offer curves and uniqueness of competitive equilibrium," Journal of Mathematical Economics, Elsevier, vol. 98(C).
    5. Won, Dong Chul, 2023. "A new approach to the uniqueness of equilibrium with CRRA preferences," Journal of Economic Theory, Elsevier, vol. 208(C).
    6. Toda, Alexis Akira, 2017. "Huggett economies with multiple stationary equilibria," Journal of Economic Dynamics and Control, Elsevier, vol. 84(C), pages 77-90.
    7. John Quah, 2004. "The aggregate weak axiom in a financial economy through dominant substitution effects," Economics Papers 2004-W18, Economics Group, Nuffield College, University of Oxford.
    8. Andrea Loi & Stefano Matta, 2023. "Endowments, patience types, and uniqueness in two-good HARA utility economies," Papers 2308.09347, arXiv.org.
    9. Alexis Akira Toda & Kieran James Walsh, 2017. "Edgeworth box economies with multiple equilibria," Economic Theory Bulletin, Springer;Society for the Advancement of Economic Theory (SAET), vol. 5(1), pages 65-80, April.
    10. Bettzuge, Marc Oliver, 1998. "An extension of a theorem by Mitjushin and Polterovich to incomplete markets," Journal of Mathematical Economics, Elsevier, vol. 30(3), pages 285-300, October.
    11. Andrea Loi & Stefano Matta, 2021. "Risk aversion and uniqueness of equilibrium: a polynomial approach," Papers 2107.01947, arXiv.org, revised Oct 2021.
    12. John Quah, 2006. "Additional Notes on the Comparative Statics of Constrained Optimization Problems," Economics Papers 2006-W09, Economics Group, Nuffield College, University of Oxford.
    13. Bar Light, 2020. "Uniqueness of equilibrium in a Bewley–Aiyagari model," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 69(2), pages 435-450, March.

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