Limited arbitrage is necessary and sufficient for the existence of a competitive equilibrium and the core, and limits voting cycles
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Publication:5906666
DOI10.1016/0165-1765(94)90152-XzbMath0814.90006MaRDI QIDQ5906666
Publication date: 12 January 1995
Published in: Economics Letters (Search for Journal in Brave)
Arrow-Debreu equilibrium; Arrow's impossibility theorem; Condorcet cycles; limited arbitrage; existence of the core; theory of competitive markets
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