In strictly regular economies limited arbitrage is sufficient for the global invertibility of demand, and necessary and sufficient for the uniqueness of equilibrium. This result is established using algebraic topology and holds in economies with short sales, and with finitely or infinitely many markets
This paper proposes a notion of equilibrium for an economy with increasing returns to scale and give...
In his seminal paper on arbitrage and competitive equilibrium in unbounded exchange economies, Werne...
Different forms of resource allocation-by markets, cooperative games, and by social choice-are unifi...
A condition of limited arbitrage is defined on the endowments and the preferences of the traders in ...
This note provides simple proofs of the equivalence among the core, equilibrium and limited arbitra...
We study the problem of finding necessary and sufficient conditions that guarantee global uniqueness...
Welfare economics and finance have each evolved their own equilibrium concepts. In welfare economics...
In this paper we provide necessary and sufficient conditions for the excess demand function of a pur...
The purpose of this paper is to define a new notion of local equilibrium in an exchange economy, whe...
"The expression 'limited arbitragers' used to describe economies where only bounded, or limited, opp...
In a pure exchange economy, we definie a new concept of local equilibria where the consumers are res...
We introduce the concept of inconsequential arbitrage and, in the context of a model allowing short-...
The paper establishes a clear connection between equilibrium theory and social choice theory by show...
Our concern in this paper is to obtain conditions for the uniqueness of equilibria, with, commodity ...
We consider a model with an infinite numbers of states of nature, von Neumann - Morgenstern utiliti...
This paper proposes a notion of equilibrium for an economy with increasing returns to scale and give...
In his seminal paper on arbitrage and competitive equilibrium in unbounded exchange economies, Werne...
Different forms of resource allocation-by markets, cooperative games, and by social choice-are unifi...
A condition of limited arbitrage is defined on the endowments and the preferences of the traders in ...
This note provides simple proofs of the equivalence among the core, equilibrium and limited arbitra...
We study the problem of finding necessary and sufficient conditions that guarantee global uniqueness...
Welfare economics and finance have each evolved their own equilibrium concepts. In welfare economics...
In this paper we provide necessary and sufficient conditions for the excess demand function of a pur...
The purpose of this paper is to define a new notion of local equilibrium in an exchange economy, whe...
"The expression 'limited arbitragers' used to describe economies where only bounded, or limited, opp...
In a pure exchange economy, we definie a new concept of local equilibria where the consumers are res...
We introduce the concept of inconsequential arbitrage and, in the context of a model allowing short-...
The paper establishes a clear connection between equilibrium theory and social choice theory by show...
Our concern in this paper is to obtain conditions for the uniqueness of equilibria, with, commodity ...
We consider a model with an infinite numbers of states of nature, von Neumann - Morgenstern utiliti...
This paper proposes a notion of equilibrium for an economy with increasing returns to scale and give...
In his seminal paper on arbitrage and competitive equilibrium in unbounded exchange economies, Werne...
Different forms of resource allocation-by markets, cooperative games, and by social choice-are unifi...