No-Arbitrage Condition and Existence of Equilibrium with Dividends

Cuong Le Van () and Nguyen Ba Minh
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Cuong Le Van: CERMSEM - CEntre de Recherche en Mathématiques, Statistique et Économie Mathématique - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique, CORE - Center of Operation Research and Econometrics [Louvain] - UCL - Université Catholique de Louvain = Catholic University of Louvain
Nguyen Ba Minh: Hanoï University of Commerce

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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
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-03331458
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Published in 2004

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