A Topological Invariant for Competitive Markets

Graciela Chichilnisky ()

Discussion Papers from Columbia University, Department of Economics

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.

Keywords: MATHEMATICS; GENERAL EQUILIBRIUM (search for similar items in EconPapers)
JEL-codes: C00 D50 D59 (search for similar items in EconPapers)
Date: 1996
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Journal Article: A topological invariant for competitive markets (1997)
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Persistent link: http://EconPapers.repec.org/RePEc:clu:wpaper:1996_16

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