Sperner's lemma and competitive equilibrium with incomplete financial markets

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buir.contributor.authorSağlam, Hüseyin Çağrı
buir.contributor.orcidSağlam, Hüseyin Çağrı|0000-0002-7123-9575
dc.citation.epage111720-5
dc.citation.spage111720-1
dc.citation.volumeNumber238
dc.contributor.authorLe, Thanh
dc.contributor.authorVan, Cuong Le
dc.contributor.authorPham, Ngoc-Sang
dc.contributor.authorSağlam, Hüseyin Çağrı
dc.date.accessioned2025-02-22T08:44:59Z
dc.date.available2025-02-22T08:44:59Z
dc.date.issued2024-05
dc.departmentDepartment of Economics
dc.description.abstractWe 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.
dc.description.provenanceSubmitted by Gizem Ünal (gizemunal@bilkent.edu.tr) on 2025-02-22T08:44:59Z No. of bitstreams: 1 Sperner’s_lemma_and_competitive_equilibrium_with_incomplete_financial.pdf: 531868 bytes, checksum: fc017b8874e1483b275e76691a2a58e3 (MD5)en
dc.description.provenanceMade available in DSpace on 2025-02-22T08:44:59Z (GMT). No. of bitstreams: 1 Sperner’s_lemma_and_competitive_equilibrium_with_incomplete_financial.pdf: 531868 bytes, checksum: fc017b8874e1483b275e76691a2a58e3 (MD5) Previous issue date: 2024-05en
dc.embargo.release2026-05
dc.identifier.doi10.1016/j.econlet.2024.111720
dc.identifier.eissn1873-7374
dc.identifier.issn0165-1765
dc.identifier.urihttps://hdl.handle.net/11693/116618
dc.language.isoEnglish
dc.publisherElsevier Science SA
dc.relation.isversionofhttps://dx.doi.org/10.1016/j.econlet.2024.111720
dc.rightsCC BY-NC-ND 4.0 (Attribution-NonCommercial-NoDerivatives 4.0 International)
dc.rights.urihttps://creativecommons.org/licenses/by-nc-nd/4.0/
dc.source.titleEconomics Letters
dc.subjectSperner’s lemma
dc.subjectFixed-point theorem
dc.subjectGeneral equilibrium
dc.subjectIncomplete market
dc.subjectIndeterminacy
dc.titleSperner's lemma and competitive equilibrium with incomplete financial markets
dc.typeArticle

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