Existence of Equilibria in Incomplete Markets with Non-Ordered Preferences

Title
Existence of Equilibria in Incomplete Markets with Non-Ordered Preferences
Publication Date
2014
Author(s)
Yalcin, Erkan
Yengin, Duygu
Type of document
Journal Article
Language
en
Entity Type
Publication
Publisher
World Scientific Publishing Co Pte Ltd
Place of publication
Singapore
DOI
10.1142/S1793005714500112
UNE publication id
une:15764
Abstract
We consider a two-period exchange economy with a finite set of consumers, states of nature, independent assets and a single consumption good. We prove the existence of competitive equilibrium in incomplete markets, when consumption set is not assumed to be compact, set of assets is linearly independent, and individuals' preferences are not assumed to be complete or transitive. Our study therefore generalizes various results in the existing literature.
Link
link
Citation
New Mathematics and Natural Computation, 10(3), p. 203-210
ISSN
1793-7027
1793-0057
Start page
203
End page
210

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