Equilibrium and Bounded Arbitrage.

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.

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Year of publication:	2000
Authors:	Allouch, N.
Institutions:	Centre de recherche de mathématiques et économie mathématique (CERMSEM), Centre d'Économie de la Sorbonne
Subject:	UTILITY FUNCTION \| ARBITRAGE \| INVESTMENTS

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Series:	Papiers d'Economie Mathématique et Applications.
Type of publication:	Book / Working Paper
Notes:	18 pages
Classification:	C62 - Existence and Stability Conditions of Equilibrium ; D50 - General Equilibrium and Disequilibrium. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005630760