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Incomplete Markets

Edited by Michael Magill, Professor of Economics, University of Southern California, US and Martine Quinzii, Professor of Economics, University of California, Davis, US
2008 1,176 pp Hardback 978 1 84542 862 4 $560.00 on-line discount $504.00 Two volume set

This two-volume set offers an extraordinary précis of classic articles on the general equilibrium theory of incomplete markets.

The first volume presents the contributions to the theory of incomplete markets over a finite horizon. Many of the papers focus on two-period economies. This setting provides the simplest version of the incomplete-market model. However, the study of incomplete markets has evolved from finite to infinite horizon economies. The second volume examines the interesting new technical and conceptual issues that arise from the exploration of incomplete market economies over an open-ended future.

40 articles, dating from 1964 to 2006 Contributors include: K.J. Arrow, J.H. Drèze, P. Dubey, D. Duffie, J. Geanakoplos, S.J. Grossman, A. Mas-Colell, O.D. Hart, R. Radner, M.S. Santos



This book is volume 225 in the The International Library of Critical Writings in Economics series. To view the rest of the series, please use the link.
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