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: This paper proves the existence of a pseudo-equilibrium in a financial economy with incomplete markets in which the agents may have nonordered preferences. We will use a fixed-point-like theorem of Bich and Cornet that generalizes the results by Hirsch, Magill, Mas-Colell [18] and Husseini, Lasry, 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; Pseudo-équilibre; marchés incomplets; préférences non ordonnées; théorème de point-fixe; variétés Grassmaniennes (search for similar items in EconPapers)
Date: 2009-10
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00426399
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Citations: View citations in EconPapers (4)

Published in 2009

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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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