Narrow search
Showing 1 - 10 of 348
Cover Image
Arbitrage and equilibrium in unbounded exchange economies with satiation
Allouch, Nizar; Van, Cuong Le; Page, Frank H. - HAL - 2006
local or global nonsatiation. Werner's existence result contrasts sharply with classical existence results for bounded … admit existence without local or global nonsatiation? This question is the focus of our paper. First, we show that in … clear is that it is precisely the condition of weak nonsatiation - a condition considerably weaker than local or global …
Persistent link: https://www.econbiz.de/10010750785
Cover Image
Arbitrage and equilibrium in unbounded exchange economies with satiation
Allouch, Nizar; Van, Cuong Le; Page, Frank H. - HAL - 2006
local or global nonsatiation. Werner's existence result contrasts sharply with classical existence results for bounded … admit existence without local or global nonsatiation? This question is the focus of our paper. First, we show that in … clear is that it is precisely the condition of weak nonsatiation - a condition considerably weaker than local or global …
Persistent link: https://www.econbiz.de/10008795214
Cover Image
Arbitrage and equilibrium in unbounded exchange economies with satiation
Allouch, Nizar; Le Van, Cuong; Page, Frank Jr. - In: Journal of Mathematical Economics 42 (2006) 6, pp. 661-674
Persistent link: https://www.econbiz.de/10005374368
Cover Image
Erratum to "Walras and dividends equilibrium with possibly satiated consumers"
Allouch, Nizar; Le Van, Cuong - In: Journal of Mathematical Economics 45 (2009) 3-4, pp. 320-328
or fixed prices. Econometrica 54, 1271-1318; Mas-Collel, A., 1992. Equilibrium theory with possibly satiated preferences …
Persistent link: https://www.econbiz.de/10005374389
Cover Image
The geometry of arbitrage and the existence of competitive equilibrium
Allouch, Nizar; Le Van, Cuong; Page, Frank Jr. - In: Journal of Mathematical Economics 38 (2002) 4, pp. 373-391
Persistent link: https://www.econbiz.de/10005216614
Cover Image
Walras and dividends equilibrium with possibly satiated consumers
Allouch, Nizar; Le Van, Cuong - In: Journal of Mathematical Economics 44 (2008) 9-10, pp. 907-918
or fixed prices. Econometrica 54, 1271-1318; Mas-Collel, A., 1992. Equilibrium theory with possibly satiated preferences …
Persistent link: https://www.econbiz.de/10005388291
Cover Image
The geometry of arbitrage and the existence of competitive equilibrium
Allouch, Nizar; Le Van, Cuong; Page, Jr. Frank H. - Department of Economics, University of Warwick - 2001
We present the basic geometry of arbitrage and use this basic geometry to shed new light on the relationships between various noarbitrage conditions found in the literature. For example, under very mild conditions of Hart (1974) and Werner (1987) are equivalent and imply the compactness of the...
Persistent link: https://www.econbiz.de/10005178326
Cover Image
Risky Arbitrage, Asset Prices, and Externalities
Van, Cuong Le; Page, Frank H.; Wooders, Myrna H. - HAL - 2007
We introduce a no-risky-arbitrage price condition (NRAP) for asset market models allowing both unbounded short sales and externalities such as trading volume. We then demonstrate that NRAP is sufficient for the existence of competitive equilibrium in the presence ofexternalities. Moreover, we...
Persistent link: https://www.econbiz.de/10010750767
Cover Image
Risky Arbitrage, Asset Prices, and Externalities
Van, Cuong Le; Page, Frank H.; Wooders, Myrna H. - HAL - 2007
We introduce a no-risky-arbitrage price condition (NRAP) for asset market models allowing both unbounded short sales and externalities such as trading volume. We then demonstrate that NRAP is sufficient for the existence of competitive equilibrium in the presence ofexternalities. Moreover, we...
Persistent link: https://www.econbiz.de/10008795517
Cover Image
Walras and dividends equilibrium with possibly satiated consumers.
Allouch, Nizar; Van, Cuong Le - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2008
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 in the set of individually feasible consumptions, provided that the...
Persistent link: https://www.econbiz.de/10005220165