Existence of Equilibrium in Incomplete Markets with Non-Ordered Preferences

Erkan Yalcin () and Duygu Yengin
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Erkan Yalcin: University of New England

No 2010-25, Adelaide Economics Working Papers from Adelaide University, School of Economics

Abstract: 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 showhttps://media.adelaide.edu.au/economics/ore within the same framework.

Keywords: Incomplete Preferences; Intransitive Preferences; Incomplete Markets; General Equilibrium; Constrained Core; Convex Analysis (search for similar items in EconPapers)
Pages: 12 pages
Date: 2010-10
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Journal Article: Existence of Equilibria in Incomplete Markets with Non-Ordered Preferences (2014)
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