Existence of Equilibrium in Incomplete Markets with Non-Ordered Preferences

Erkan Yalcin
Additional contact information
Erkan Yalcin: Yeditepe University

GE, Growth, Math methods from University Library of Munich, Germany

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 show that the equilibrium achieves a constrained core within the same framework.

Keywords: Equilibrium Existence; Incomplete Preferences; Incomplete Markets; Constrained Core (search for similar items in EconPapers)
JEL-codes: C62 D52 D81 G12 (search for similar items in EconPapers)
Date: 2002-04-16
Note: Type of Document - Tex; prepared on IBM PC; to print on HP;
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://econwpa.ub.uni-muenchen.de/econ-wp/ge/papers/0204/0204002.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpge:0204002

Access Statistics for this paper

More papers in GE, Growth, Math methods from University Library of Munich, Germany
Bibliographic data for series maintained by EconWPA ( this e-mail address is bad, please contact ).