Does Market Incompleteness Matter

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Macroeconomics with Financial Frictions: A Survey (2012, unknown): “See Levine and Zame (2002) for an analysis of the impact of borrowing constraints in an exchange economy with convex marginal utility.”
Insurance and Opportunities: A Welfare Analysis of Labor Market Risk (2008, background): “29Levine and Zame (2002) study an endowment economy with infinitely-lived agents, CRRA preferences, and a non-contingent bond as the only traded asset.”
Frictional Wage Dispersion in Search Models: A Quantitative Assessment (2011, unknown): “20For example, it is well known that as r → 0, the bond economy with “natural debt limits” converges to complete markets (Levine and Zame, 2002).”
Bodies of Knowledge for Research in Behavioral Operations (2009, background): “This regularity suggests, unlike typical expected utility theory, that one cannot model decision makers with one risk parameter (e.g., CARA or CRRA utility functions; cf. Balvers and Mitchell 1997, Levine and Zame 2002).”