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Existence of financial equilibria with restricted participation
Cornet, Bernard; Aouani, Zaier - Department of Economics, University of Kansas - 2009
We consider a two-date model of a financial exchange economy with finitely many agents having nonordered preferences and portfolio constraints. There is a market for physical commodities at any state today or tomorrow and financial transfers across time and across states are allowed by means of...
Persistent link: https://www.econbiz.de/10008509095
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Existence of financial equilibria with restricted participation
Aouani, Zaier; Cornet, Bernard - HAL - 2009
We consider a two-date model of a financial exchange economy with finitely many agents having nonordered preferences and portfolio constraints. There is a market for physical commodities at any state today or tomorrow and financial transfers across time and across states are allowed by means of...
Persistent link: https://www.econbiz.de/10010738451
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Reduced equivalent form of a financial structure
Aouani, Zaier; Cornet, Bernard - In: Journal of Mathematical Economics 47 (2011) 3, pp. 318-327
We consider the two-date model of a financial exchange economy (E,F), with agents’ portfolio restrictions either represented by finitely many linear inequality constraints or satisfying Hart’s (1974) Weak No Market Arbitrage condition. The economy (E,F) is shown to have the same consumption...
Persistent link: https://www.econbiz.de/10011065378
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Existence of equilibria via quasi-equilibria.
Cornet, Bernard; Ranjan, Abhishek - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2013
We consider a 2-date model of a financial exchange economy with finitely many agents having non-ordered preferences and portfolio constraints. There is a market for physical commodities for every state today and tomorrow, and financial transfers across time and states are allowed by means of...
Persistent link: https://www.econbiz.de/10010617545
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Existence of financial equilibria with restricted participation.
Aouani, Zaier; Cornet, Bernard - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2009
We consider a two-date model of a financial exchange economy with finitely many agents having nonordered preferences and portfolio constraints. There is a market for physical commodities at any state today or tomorrow and financial transfers across time and across states are allowed by means of...
Persistent link: https://www.econbiz.de/10008622062
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Existence of equilibria via quasi-equilibria
Cornet, Bernard; Ranjan, Abhishek - HAL - 2013
We consider a 2-date model of a financial exchange economy with finitely many agents having non-ordered preferences and portfolio constraints. There is a market for physical commodities for every state today and tomorrow, and financial transfers across time and states are allowed by means of...
Persistent link: https://www.econbiz.de/10010635186
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Existence of financial equilibria with restricted participation
Aouani, Zaier; Cornet, Bernard - Faculty of Economics and Business, Tbilisi State University - 2009
We consider a two-date model of a financial exchange economy with finitely many agents having nonordered preferences and portfolio constraints. There is a market for physical commodities at any state today or tomorrow and financial transfers across time and across states are allowed by means of...
Persistent link: https://www.econbiz.de/10008559285
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Eliminating useless portfolios in constrained financial economies
Aouani, Zaier; Cornet, Bernard - In: Economic theory : official journal of the Society for … 63 (2017) 1, pp. 159-190
Persistent link: https://www.econbiz.de/10011723405