Existence of Equilibrium in Incomplete Markets with Non-Ordered Preferences
In this paper we extend the results of recent studies on the existence of equilibrium in finite dimensional asset markets for both bounded and unbounded economies. We do not assume that the individual's preferences are complete or transitive. Our existence theorems for asset markets allow for short selling. We shall also show that the equilibrium achieves a constrained core within the same framework.
|Date of creation:||16 Apr 2002|
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|Note:||Type of Document - Tex; prepared on IBM PC; to print on HP;|
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