کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
966878 | 931117 | 2011 | 10 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Reduced equivalent form of a financial structure
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کلمات کلیدی
موضوعات مرتبط
مهندسی و علوم پایه
ریاضیات
ریاضیات کاربردی
پیش نمایش صفحه اول مقاله
![عکس صفحه اول مقاله: Reduced equivalent form of a financial structure Reduced equivalent form of a financial structure](/preview/png/966878.png)
چکیده انگلیسی
We consider the two-date model of a financial exchange economy (E,F), with agents' portfolio restrictions either represented by finitely many linear inequality constraints or satisfying Hart's (1974) Weak No Market Arbitrage condition. The economy (E,F) is shown to have the same consumption equilibria as a reduced economy (E,Fâ²), for which the set of admissible portfolio allocations is bounded. Building upon the equilibrium existence result for reduced financial economies (E,Fâ²) (Aouani and Cornet, 2009), we then deduce the existence of equilibra of (E,F), under standard assumptions on the consumption side and under the aforementioned assumption on the financial side.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Mathematical Economics - Volume 47, Issue 3, May 2011, Pages 318-327
Journal: Journal of Mathematical Economics - Volume 47, Issue 3, May 2011, Pages 318-327
نویسندگان
Zaier Aouani, Bernard Cornet,