Existence of pseudo-equilibria in a financial economy

Bernard Cornet and Philippe Bich

No 200910, WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS from University of Kansas, Department of Economics

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 [4] 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. (search for similar items in EconPapers)
JEL-codes: B50 H10 (search for similar items in EconPapers)
Pages: 15 pages
Date: 2009-12, Revised 2009-12
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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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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