This two-volume set offers an extraordinary precis 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. The editors have
written new, authoritative introductions to each volume, which
provide a comprehensive overview and informative discussion of the
issues.
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