In this paper, we first give an elementary proof of existence of equilibrium with dividends in an economy with possibly satiated consumers. We then introduce a non-arbitrage condition and show that it is equivalent to the existence of equilibrium with dividends.Equilibrium with dividends; Walras equilibrium; satiation points; no-arbitrage condition.
International audienceIn the present paper, we prove that a no-arbitrage condotion (à la Werner) is ...
In finite dimensional economies, it was proven by Werner [Werner, J., 1987. Arbitrage and the existe...
We present the basic geometry of arbitrage, and use this basic geometry to shed new light on the rel...
International audienceIn this paper we first give an elementary proof of existence of equilibrium wi...
In this paper we first give an elementary proof of existence of equilibrium with dividends in an eco...
URL des Cahiers : https://halshs.archives-ouvertes.fr/CAHIERS-MSECahiers de la MSE 2004.58 - Série B...
Irreducible exchange economies in which consumers’ preferences are satiable and non-ordered are cons...
International audienceThe main contribution of the paper is to provide a weaker non-satiation assump...
Irreducible exchange economies in which consumers’ preferences are satiable and non-ordered are cons...
In this paper we first prove an equilibrium existence theorem for finite dimensional economies with ...
The notion of arbitrage is predominantly used as a conceptual framework of finance and economics for...
We unify and generalize the existence results in Werner [Werner, J., 1987. Arbitrage and the existen...
We introduce consumption externalities into a general equilibrium model with arbitrary consumption s...
We introduce consumption externalities into a general equilibrium model with arbitrary consumption s...
In his seminal paper on arbitrage and competitive equilibrium in unbounded exchange economies, Werne...
International audienceIn the present paper, we prove that a no-arbitrage condotion (à la Werner) is ...
In finite dimensional economies, it was proven by Werner [Werner, J., 1987. Arbitrage and the existe...
We present the basic geometry of arbitrage, and use this basic geometry to shed new light on the rel...
International audienceIn this paper we first give an elementary proof of existence of equilibrium wi...
In this paper we first give an elementary proof of existence of equilibrium with dividends in an eco...
URL des Cahiers : https://halshs.archives-ouvertes.fr/CAHIERS-MSECahiers de la MSE 2004.58 - Série B...
Irreducible exchange economies in which consumers’ preferences are satiable and non-ordered are cons...
International audienceThe main contribution of the paper is to provide a weaker non-satiation assump...
Irreducible exchange economies in which consumers’ preferences are satiable and non-ordered are cons...
In this paper we first prove an equilibrium existence theorem for finite dimensional economies with ...
The notion of arbitrage is predominantly used as a conceptual framework of finance and economics for...
We unify and generalize the existence results in Werner [Werner, J., 1987. Arbitrage and the existen...
We introduce consumption externalities into a general equilibrium model with arbitrary consumption s...
We introduce consumption externalities into a general equilibrium model with arbitrary consumption s...
In his seminal paper on arbitrage and competitive equilibrium in unbounded exchange economies, Werne...
International audienceIn the present paper, we prove that a no-arbitrage condotion (à la Werner) is ...
In finite dimensional economies, it was proven by Werner [Werner, J., 1987. Arbitrage and the existe...
We present the basic geometry of arbitrage, and use this basic geometry to shed new light on the rel...