Existence of an equilibrium in incomplete markets with discrete choices and many markets

摘要: We define and prove the existence of an equilibrium for Bewley-style models heterogeneous agents in incomplete markets with discrete continuous choices. Our sample model also features endogenous price volatility across many (locations) but still has a steady state finite-dimensional space. proof uses Kakutani's Fixed Point Theorem does not require set households that are indifferent between two choices to be measure zero.