Existence of pseudo-equilibria in a financial economy

Philippe Bich () and Bernard Cornet
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Philippe Bich: CES - Centre d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique

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Abstract: We prove the existence of a pseudo-equilibrium in a financial economy with incomplete markets in which the agents may have nonordered preferences. We use a fixed-point-like theorem of [5] that generalizes the results by Hirsch, Magill and Mas-Colell [18] and Husseini, Lasry and Magill [19] to encompass the framework considered by Gale and Mas-Colell ([14], [15]).

Keywords: Pseudo-equilibrium; incomplete markets; nonordered preferences; fixed-point-like theorems; Grassmann manifold (search for similar items in EconPapers)
Date: 2009-12
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Citations: View citations in EconPapers (4)

Published in Journal of Fixed Point Theory and Applications, 2009, 6 (2), pp.305-319. ⟨10.1007/s11784-009-0125-6⟩

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Related works:
Working Paper: Existence of pseudo-equilibria in a financial economy (2009)
Working Paper: Existence of pseudo-equilibria in a financial economy (2009)
Working Paper: Existence of pseudo-equilibria in a financial economy (2009)
Working Paper: Existence of pseudo-equilibria in a financial economy (2009)
Working Paper: Existence of pseudo-equilibria in a financial economy (2009)
Working Paper: Existence of pseudo-equilibria in a financial economy (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-00629764

DOI: 10.1007/s11784-009-0125-6

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