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Markets and games: a simple equivalence among the core, equilibrium and limited arbitrage Author info | Abstract | Publisher info | Download info | Related research | Statistics Chichilnisky, Graciela
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This note provides simple proofs of the equivalence among the core, equilibrium and limited arbitrage in markets with short sales, and with uniform strictly convex preferences.
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number
8492.
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Date of creation: 1996Date of revision:
Publication status: Published in Metroeconomica No. 3.47(1996): pp. 266-287Handle: RePEc:pra:mprapa:8492Contact details of provider: Postal: Schackstr. 4, D-80539 Munich, Germany Phone: +49-(0)89-2180-2219 Fax: +49-(0)89-2180-3900 Web page: http://mpra.ub.uni-muenchen.de More information through EDIRC
For technical questions regarding this item, or to correct its listing, contact: (Ekkehart Schlicht).
Keywords: mathematical proof ; modeling ; limited arbitrage ; core ; equilibrium ; Find related papers by JEL classification: C02 - Mathematical and Quantitative Methods - - General - - - Mathematical Economics
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.:
Chichilnisky, Graciela, 1997.
"Limited arbitrage is necessary and sufficient for the existence of an equilibrium ,"
Journal of Mathematical Economics ,
Elsevier, vol. 28(4), pages 470-479, November.
[Downloadable!] (restricted)
Chichilnisky, G, 1996.
"A Unified Perspective on Resource Allocation : Limited Arbitrage is Necessary and Sufficient for the Existence of a Competitive Equilibrium, the Core and Social Choice ,"
Papers
96-20, Columbia - Graduate School of Business.
Other versions: Chichilnisky, Graciela, 1993.
"On Strategic Control ,"
The Quarterly Journal of Economics ,
MIT Press, vol. 108(1), pages 285-90, February.
[Downloadable!] (restricted)
Other versions: Chichilnisky, G., 1993.
"Intersecting Families of Sets and the Topology of Cones in Economics ,"
Papers
93-17, Columbia - Graduate School of Business.
Chichilnisky, G., 1992.
"Limited Arbitrage is Necessary and Sufficient for the Existence of a Competitive Equilibrium ,"
Papers
93-14, Columbia - Graduate School of Business.
Other versions: Chichilnisky, Graciela, 1994.
"Social Diversity, Arbitrage, and Gains from Trade: A Unified Perspective on Resource Allocation ,"
American Economic Review ,
American Economic Association, vol. 84(2), pages 427-34, May.
[Downloadable!] (restricted)
Nielsen, Lars Tyge, 1989.
"Asset Market Equilibrium with Short-Selling ,"
Review of Economic Studies ,
Blackwell Publishing, vol. 56(3), pages 467-73, July.
[Downloadable!] (restricted)
CHICHILNISKYÊ, Graciela, 1995.
"A Unified Perspective on Resource Allocation : Limited Arbitrage is Necessary and Sufficient for the Existence of a Competitive Equilibrium, the Core and Social Choice ,"
CORE Discussion Papers
1995027, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
Werner, Jan, 1987.
"Arbitrage and the Existence of Competitive Equilibrium ,"
Econometrica ,
Econometric Society, vol. 55(6), pages 1403-18, November.
[Downloadable!] (restricted)
Chichilnisky Graciela & Heal Geoffrey M., 1993.
"Competitive Equilibrium in Sobolev Spaces without Bounds on Short Sales ,"
Journal of Economic Theory ,
Elsevier, vol. 59(2), pages 364-384, April.
[Downloadable!] (restricted)
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This page was last updated on 2009-12-8.
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