Existence of financial equilibria with restricted participation
type: Item
instance of: scholarly article
title: Existence of financial equilibria with restricted participation
zbMATH Open document ID: 1184.91128
author: Zaier Aouani
author: Bernard Cornet
published in: Journal of Mathematical Economics
publication date: 2010-01-08T00:00:00Z
full work available at URL: 200909.pdf
review text: A two-date stochastic model of a financial exchange economy with finitely many agents is considered. The agents have non-ordered preferences and linear portfolio constraints. There is a market for physical commodities at any state, and financial transfers across time and across states are allowed by means of finitely many nominal assets or numéraire assets. A general existence result of equilibria is proved.
reviewed by: Nikita Ratanov
Mathematics Subject Classification ID: 91B51
Mathematics Subject Classification ID: 91B70
zbMATH DE Number: 5655225
zbMATH Keywords: restricted participation
zbMATH Keywords: portfolio constraints
zbMATH Keywords: financial exchange economy
zbMATH Keywords: equilibrium
zbMATH Keywords: arbitrage free asset prices
MaRDI profile type: Publication
OpenAlex ID: W2238773966
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DOI: 10.1016/J.JMATECO.2009.10.001
description: scientific article; zbMATH DE number 5655225