Equilibrium and Bounded Arbitrage

N. Allouch

Papiers d'Economie Mathématique et Applications from Université Panthéon-Sorbonne (Paris 1)

Abstract: We provide a proof of the existence of a (quasi-)equilibrium in an exchange economy with short selling when the preference relations of the investors are represented by a partial preorder, a setting which encompasses the case of preference relations derived from a utility function. A second purpose of this paper is to compare our Weak Bounded Arbitrage condition with some other concepts which can be found in the literature.

Keywords: UTILITY FUNCTION; ARBITRAGE; INVESTMENTS (search for similar items in EconPapers)
JEL-codes: C62 D50 (search for similar items in EconPapers)
Pages: 18 pages
Date: 2000
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:fth:pariem:2000.78

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