Equilibrium in an exchange economy with multiple indivisible commodities and money
Article Abstract:
Research describing equilibrium existence problems for exchange economies is presented. In particular an economy containing a finite number of agents and a finite number of indivisible commodities is investigated.
Publication Name: The Journal of Mathematical Economics
Subject: Mathematics
ISSN: 0304-4068
Year: 2000
User Contributions:
Comment about this article or add new information about this topic:
The fundamental theorem of asset pricing with cone constraints
Article Abstract:
The no arbitrage condition in asset pricing has been found to be equivalent to the presence of a probability measure generated from a generalization of the martingale property of securities prices. The existence of equivalent martingale measures in discrete time is in line with the fundamental theorem on asset pricing. The no arbitrage condition may be defined within a discrete-time financial market model which possesses frictions. The model includes risky securities with discounted price process and one riskless bond for use in trading.
Publication Name: The Journal of Mathematical Economics
Subject: Mathematics
ISSN: 0304-4068
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Rational expectations equilibria and the ex-post core of an economy with asymmetric information. Edgeworth's conjecture in atomless economies with a non-separable commodity space
- Abstracts: Discreteness of equilibria in incomplete markets with a continuum of states. The set of equilibria of first-price auctions
- Abstracts: Continuous representability of homothetic preferences by means of homogeneous utility functions. Non-time additive utility optimization-the case of certainty
- Abstracts: The canonical extensive form of a game form. Part II. Representation. Stable voting procedures for committees in economic environments