Academic Journal
Sperner's lemma and competitive equilibrium with incomplete financial markets
| العنوان: | Sperner's lemma and competitive equilibrium with incomplete financial markets |
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| المؤلفون: | Le, Thanh, Le Van, Cuong, Pham, Ngoc-Sang, Saglam, Cagri |
| المساهمون: | University of Wollongong Australia, Centre National de la Recherche Scientifique (CNRS), Paris School of Economics (PSE), Université Paris 1 Panthéon-Sorbonne (UP1)-École normale supérieure - Paris (ENS-PSL), Université Paris Sciences et Lettres (PSL)-Université Paris Sciences et Lettres (PSL)-École des hautes études en sciences sociales (EHESS)-École nationale des ponts et chaussées (ENPC)-Centre National de la Recherche Scientifique (CNRS)-Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement (INRAE), Métis Lab EM Normandie, École de Management de Normandie = EM Normandie Business School (EM Normandie), Bilkent University Ankara |
| المصدر: | ISSN: 0165-1765 ; Economics Letters ; https://hal.science/hal-04552148 ; Economics Letters, In press, ⟨10.1016/j.econlet.2024.111720⟩. |
| بيانات النشر: | CCSD Elsevier |
| سنة النشر: | 2024 |
| المجموعة: | Université Paris 1 Panthéon-Sorbonne: HAL |
| مصطلحات موضوعية: | Sperner's lemma, fixed-point theorem, general equilibrium, incomplete market, indeterminacy, JEL: C - Mathematical and Quantitative Methods/C.C3 - Multiple or Simultaneous Equation Models • Multiple Variables, JEL: D - Microeconomics/D.D5 - General Equilibrium and Disequilibrium, JEL: G - Financial Economics/G.G1 - General Financial Markets, [SHS.ECO]Humanities and Social Sciences/Economics and Finance, [MATH]Mathematics [math] |
| الوصف: | International audience ; We establish the existence of a competitive equilibrium in a two-period stochasticeconomy with incomplete financial markets by using Sperner’s lemma. Our existenceresult covers (but is not limited to) several results in the literature, including the casesof nominal and numéraire assets. Moreover, there may exist a continuum of equilibriumprices. |
| نوع الوثيقة: | article in journal/newspaper |
| اللغة: | English |
| DOI: | 10.1016/j.econlet.2024.111720 |
| الاتاحة: | https://hal.science/hal-04552148 https://hal.science/hal-04552148v1/document https://hal.science/hal-04552148v1/file/LLPS-Sperner-financial%20markets-EL-RR1_v2.pdf https://doi.org/10.1016/j.econlet.2024.111720 |
| Rights: | info:eu-repo/semantics/OpenAccess |
| رقم الانضمام: | edsbas.7D46696F |
| قاعدة البيانات: | BASE |
| DOI: | 10.1016/j.econlet.2024.111720 |
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