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No-arbitrage condition and existence of equilibrium with dividends

Author

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  • Cuong Le Van

    (CES - Centre d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique)

  • Nguyen Ba Minh

    (Hanoi University of Commerce - Hanoi University of Commerce)

Abstract

In this paper we first give an elementary proof of existence of equilibrium with dividends in an economy with possibly satiated consumers.We then introduce a no-arbitrage condition and show that it is equivalent to the existence of equilibrium with dividends.

Suggested Citation

  • Cuong Le Van & Nguyen Ba Minh, 2007. "No-arbitrage condition and existence of equilibrium with dividends," Post-Print halshs-00101177, HAL.
    • Handle: RePEc:hal:journl:halshs-00101177
    DOI: 10.1016/j.jmateco.2006.05.010
    Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00101177
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    References listed on IDEAS

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    Cited by:

    1. Nizar Allouch & Monique Florenzano, 2012. "Fuzzy Rejective Core of Satiated Economies with Unbounded Consumption Sets," Working Papers 690, Queen Mary University of London, School of Economics and Finance.
    2. W D A Bryant, 2009. "General Equilibrium:Theory and Evidence," World Scientific Books, World Scientific Publishing Co. Pte. Ltd., number 6875, August.
    3. Paul Oslington, 2012. "General Equilibrium: Theory and Evidence," The Economic Record, The Economic Society of Australia, vol. 88(282), pages 446-448, September.

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