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Authordc.contributor.authorFaias, Marta 
Authordc.contributor.authorTorres Martínez, Juan Pablo 
Abstractdc.description.abstractWe consider incomplete market economies where agents are subject to price-dependent trading constraints compatible with credit market segmentation. Equilibrium existence is guaranteed when either commodities are essential, i.e, indi erence curves through individuals' endowments do not intersect the boundary of the consumption set, or utility functions are concave and supermodular. Since we do not require the smoothness of mappings representing preferences, nancial promises, or trading constraints, our approach is compatible with the existence of ambiguity-adverse agents, non-recourse collateralized loans, or income-dependent thresholds determining the access to crediten_US
Publisherdc.publisherUniversidad de Chile
Seriedc.relation.ispartofseriesSerie Documentos de Trabajo: 420
Type of licensedc.rightsAtribución-NoComercial-SinDerivadas 3.0 Chile*
Link to Licensedc.rights.uri*
Keywordsdc.subjectCredit Market Segmentationen_US
Keywordsdc.subjectEssential Commoditiesen_US
Títulodc.titleCredit market segmentation, essentiality of commodities, and supermodularityen_US
Document typedc.typeDocumento de trabajo

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Atribución-NoComercial-SinDerivadas 3.0 Chile
Except where otherwise noted, this item's license is described as Atribución-NoComercial-SinDerivadas 3.0 Chile