Browsing by Subject "Fixed-point theorem"

Filter results by typing the first few letters
Now showing 1 - 1 of 1
  • Thumbnail Image
    ItemEmbargo
    Sperner's lemma and competitive equilibrium with incomplete financial markets
    (Elsevier Science SA, 2024-05) Le, Thanh; Van, Cuong Le; Pham, Ngoc-Sang; Sağlam, Hüseyin Çağrı
    We establish the existence of a competitive equilibrium in a two-period stochastic economy with incomplete financial markets by using Sperner’s lemma. Our existence result covers (but is not limited to) several results in the literature, including the cases of nominal and numéraire assets. Moreover, there may exist a continuum of equilibrium prices.