In this chapter, we describe the main results about the model with incomplete financial markets and numeraire assets. That model has been analyzed by  and it is the closest one to the exchange economy one in terms of basic results: both existence and generic regularity hold true. Therefore, it is the easiest to be studied and the most appropriate to start the analysis on incomplete markets.
KeywordsBudget Constraint General Equilibrium Full Rank Commodity Price Incomplete Market
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