Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/97337
Authors: 
Allouch, Nizar
Florenzano, Monique
Year of Publication: 
2012
Series/Report no.: 
Working Paper, School of Economics and Finance, Queen Mary, University of London 690
Abstract: 
For an exchange economy, under assumptions which did not bring about the existence of equilibrium with dividends as yet, we prove the non-emptiness of the fuzzy rejective core. Then, via Konovalov (1998, 2005)'s equivalence result, we solve the equilibrium with dividends existence problem. Adding to the same assumptions a weak non-satiation condition which differs from the weak non-satiation assumption introduced by Allouch-Le Van (2009), we show in a last section the existence of a Walrasian quasiequilibrium. This result, which fits with exchange economies whose consumers' utility functions are not assumed to be upper semicontinuous, complements the one obtained by Martins-da-Rocha and Monteiro (2009).
Subjects: 
Exchange economy
Satiation
Equilibrium with dividends
Rejective core
Fuzzy rejective core
Core equivalence
JEL: 
D50
Document Type: 
Working Paper

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