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Edgeworth and Walras Equilibria of an Arbitrage-Free Exchange Economy Author info | Abstract | Publisher info | Download info | Related research | Statistics Allouch, N.
Florenzano, M.
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In this paper, we first give a direct proof of the existence of Edgeworth equilibria for exchange economies with consumption sets which are (possibly) unbounded below. The key assumption is that the individually rational utility set is compact. It is worth noticing that the statement of this result and its proof do not depend on the dimension or the particular structure of the commodity space. In a second part of paper, we give conditions under which Edgeworth allocations can be decentralized by continuous prices in a finite dimensional and in a infinite dimensional setting. We then show how these results apply to some finance models.
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Paper provided by Paris I - Economie Mathematique et Applications in its series Papers with number
2000.119.
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Length: 20 pages
Date of creation: 2000Date of revision:
Handle: RePEc:fth:pariem:2000.119Contact details of provider: Postal: France; Universite de Paris I - Pantheon- Sorbonne, 12 Place de Pantheon-75005 Paris, France Web page: http://cermsem.univ-paris1.fr/ More information through EDIRC
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Keywords: ARBITRAGE MARKET CONSUMPTION Other versions of this item:
Find related papers by JEL classification: C62 - Mathematical and Quantitative Methods - - Mathematical Methods and Programming - - - Existence and Stability Conditions of Equilibrium C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games D51 - Microeconomics - - General Equilibrium and Disequilibrium - - - Exchange and Production Economies
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.:
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[Downloadable!] Florenzano, Monique & Deghdak, Messaoud, 1997.
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Chichilnisky Graciela & Heal Geoffrey M., 1993.
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Full
references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
Wassim Daher & V. Martins-da-Rocha & Yiannis Vailakis, 2007.
"Asset market equilibrium with short-selling and differential information ,"
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Other versions: Nizar Allouch & Cuong Le Van & Frank H. Page, 2006.
"Arbitrage and equilibrium in unbounded exchange economies with satiation ,"
Post-Print
halshs-00096040_v1, HAL.
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Charalambos Aliprantis & Monique Florenzano & Rabee Tourky, 2006.
"Production equilibria ,"
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halshs-00092809_v1, HAL.
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Monique Florenzano & Elena Laureana Del Mercato, 2004.
"Edgeworth and Lindahl-Foley equilibria of a general equilibrium model with private provision of pure public goods ,"
Cahiers de la Maison des Sciences Economiques
b04082, Université Panthéon-Sorbonne (Paris 1).
[Downloadable!]
Other versions: Charalambos D. Aliprantis & Monique Florenzano & Rabee Tourky, 2004.
"Equilibria in production economies ,"
Cahiers de la Maison des Sciences Economiques
b04116, Université Panthéon-Sorbonne (Paris 1).
[Downloadable!]
Wassin Daher & V. Filipe Martins-da-Rocha & Yiannis Vailakis, 2005.
"Asset market equilibrium with short-selling and differential information ,"
Cahiers de la Maison des Sciences Economiques
b05098, Université Panthéon-Sorbonne (Paris 1).
[Downloadable!]
Monique Florenzano & Elena Del Mercato, 2006.
"Edgeworth and Lindahl-Foley equilibria of a general equilibrium model with private provision of pure public goods ,"
Post-Print
halshs-00085726_v1, HAL.
[Downloadable!]
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