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dc.contributor.authorDana, Rose-Anne
HAL ID: 12658
dc.contributor.authorLe Van, Cuong
dc.contributor.authorMagnien, François
dc.date.accessioned2011-05-09T13:34:10Z
dc.date.available2011-05-09T13:34:10Z
dc.date.issued1999
dc.identifier.urihttps://basepub.dauphine.fr/handle/123456789/6228
dc.language.isoenen
dc.subjectEquilibriumen
dc.subjectArbitrageen
dc.subject.ddc332en
dc.subject.classificationjelC62en
dc.subject.classificationjelD50en
dc.titleOn the Different Notions of Arbitrage and Existence of Equilibriumen
dc.typeArticle accepté pour publication ou publié
dc.description.abstractenIn this paper we first prove an equilibrium existence theorem for finite dimensional economies with unbounded below consumption sets. We only assume that the individually rational utility set is compact and use the demand approach instead of the standard Negishi's approach. We next compare the different concepts of no-arbitrage that have been used in the literature and give conditions for equivalence between absence of arbitrage and existence of equilibrium. Lastly, we introduce the concept of strong unbounded arbitrage and show that the absence of strong unbounded arbitrage implies the compactness of the individually rational utility set.en
dc.relation.isversionofjnlnameJournal of Economic Theory
dc.relation.isversionofjnlvol87en
dc.relation.isversionofjnlissue1en
dc.relation.isversionofjnldate1999
dc.relation.isversionofjnlpages169-193en
dc.relation.isversionofdoihttp://dx.doi.org/10.1006/jeth.1999.2518en
dc.description.sponsorshipprivateouien
dc.relation.isversionofjnlpublisherElsevieren
dc.subject.ddclabelEconomie financièreen


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