No-arbitrage condition and existence of equilibrium with dividends

Cuong Le van and Nguyen Ba Minh

No 2004034, LIDAM Discussion Papers CORE from Université catholique de Louvain, Center for Operations Research and Econometrics (CORE)

Abstract: In this paper we first give an elementary proof of existence of equilibrium with dividends in an economy with possibly satiated consumers. We then introduce a no-arbitrage condition and show that it is equivalent to the existence of equilibrium with dividends.

Keywords: equilibrium with dividends; Walras equilibrium; satiation points; no-arbitrage condition (search for similar items in EconPapers)
Date: 2004-06
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Citations: View citations in EconPapers (5)

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Related works:
Journal Article: No-arbitrage condition and existence of equilibrium with dividends (2007)
Working Paper: No-arbitrage condition and existence of equilibrium with dividends (2007)
Working Paper: No-arbitrage condition and existence of equilibrium with dividends (2004)
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