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The main contribution of the paper is to provide a weaker non-satiation assumption than the one commonly used in the … literature to ensure the existence of competitive equilibrium. Our assumption allows for satiation points inside the set of … individually feasible consumptions, provided that the consumer has satiation points available to him outside this set. As a result …
Persistent link: https://www.econbiz.de/10005106441
the equilibrium with dividends existence problem. Adding to the same assumptions a weak non-satiation condition which … differs from the weak non-satiation assumption introduced by Allouch-Le Van (2009), we show in a last section the existence of …
Persistent link: https://www.econbiz.de/10010780014