Complete Markets of Arrow and Debreu and the Dynamic Disequilibrium
Complete Markets of Arrow and Debreu and the Dynamic Disequilibrium

Summary/Abstract: This article discusses the two main models of complete markets, the criticism to them that form the early Arrow-Debreu theory, as well as the supplements and the shortcomings of the so-called revised version of the theory. We underline the most important consequences from this theory and present generalized comments.

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