No-arbitrage condition and existence of equilibrium with dividends

Cuong Le van and Nguyen Ba Minh ()
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Nguyen Ba Minh: Hanoi University of Commerce

Cahiers de la Maison des Sciences Economiques from Université Panthéon-Sorbonne (Paris 1)

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 non-arbitrage condition and show that it is equivalent to the existence of equilibrium with dividends

Keywords: Equilibrium with dividends; Walras equilibrium; satiation points; no-arbitrage condition (search for similar items in EconPapers)
JEL-codes: C62 D51 (search for similar items in EconPapers)
Pages: 13 pages
Date: 2004-06
New Economics Papers: this item is included in nep-mic
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Citations: View citations in EconPapers (5)

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ftp://mse.univ-paris1.fr/pub/mse/cahiers2004/B04058.pdf (application/pdf)

Related works:
Journal Article: No-arbitrage condition and existence of equilibrium with dividends (2007)
Working Paper: No-arbitrage condition and existence of equilibrium with dividends (2007)
Working Paper: No-arbitrage condition and existence of equilibrium with dividends (2004)
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Persistent link: https://EconPapers.repec.org/RePEc:mse:wpsorb:b04058

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