Danilov, Vladimir; Frank, Gleb; Page, Frank; Wooders, Myrna - Vanderbilt University Department of Economics - 2012
We introduce a new approach to showing existence of equilibrium in models of economies with unbounded short sales. Inspired by the pioneering works of Hart (1974) on asset market models, Grandmont (1977) on temporary economic equilibrium, and of Werner (1987) on general equilibrium exchange...
