Existence of pseudo-equilibria in a financial economy

Philippe Bich () and Bernard Cornet
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Philippe Bich: Centre d'Economie de la Sorbonne, https://centredeconomiesorbonne.cnrs.fr

Documents de travail du Centre d'Economie de la Sorbonne from Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne

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 (search for similar items in EconPapers)
Pages: 16 pages
Date: 2009-10
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Citations: View citations in EconPapers (4)

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ftp://mse.univ-paris1.fr/pub/mse/CES2009/09060.pdf (application/pdf)

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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Persistent link: https://EconPapers.repec.org/RePEc:mse:cesdoc:09060

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