Limited arbitrage is necessary and sufficient for the existence of a competitive equilibrium with or without short sales

DOI10.1007/BF01213646zbMath0834.90028OpenAlexW3123045460MaRDI QIDQ1890922

Graciela Chichilnisky

Publication date: 1 April 1996

Published in: Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/bf01213646

zbMATH Keywords

competitive equilibriumlimited arbitrageexistence of continuous anonymous social choice rules

Mathematics Subject Classification ID

General equilibrium theory (91B50) Social choice (91B14)

Related Items (18)

The ``probability of a fit choice ⋮ The partnered core of an economy and the partnered competitive equilibrium ⋮ A necessary and sufficient condition for the compactness of individually rational and feasible outcomes and the existence of an equilibrium ⋮ Limited arbitrage is necessary and sufficient for the non-emptiness of the core ⋮ Asset market equilibrium with short-selling and differential information ⋮ A topological invariant for competetive markets ⋮ Limited arbitrage is necessary and sufficient for the existence of an equilibrium ⋮ Arbitrage, equilibrium, and gains from trade: A counterexample ⋮ Sustainable markets with short sales ⋮ Coalitions and Catastrophic Climate Change ⋮ Equilibrium theory with unbounded consumption sets and non-ordered preferences. I: Non-satiation ⋮ Equilibrium theory with satiable and non-ordered preferences ⋮ Topology and invertible maps ⋮ Arbitrage and asset prices ⋮ MARKETS AND GAMES: A SIMPLE EQUIVALENCE AMONG THE CORE, EQUILIBRIUM AND LIMITED ARBITRAGE ⋮ Markets with endogenous uncertainty theory and policy ⋮ On the different notions of arbitrage and existence of equilibrium ⋮ Asset market equilibrium in \(L^p\) spaces with separable utilities

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