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A Topological Invariant for Competitive Markets

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Author Info
Chichilnisky, G.

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Abstract

I summarize and extend my results establishing that limited arbitrage is necessary and sufficient for the existence of a competitive equilibrium and for the compactness of the Pareto frontier.

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Publisher Info
Paper provided by Columbia University, Department of Economics in its series Discussion Papers with number 1996_16.

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Length: 26 pages
Date of creation: 1996
Date of revision:
Handle: RePEc:clu:wpaper:1996_16

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Related research
Keywords: MATHEMATICS GENERAL EQUILIBRIUM

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Find related papers by JEL classification:
C00 - Mathematical and Quantitative Methods - - General - - - General
D50 - Microeconomics - - General Equilibrium and Disequilibrium - - - General
D59 - Microeconomics - - General Equilibrium and Disequilibrium - - - Other

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  1. Chichilnisky, Graciela, 1998. "The knowledge revolution," MPRA Paper 8891, University Library of Munich, Germany. [Downloadable!]
Statistics
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