|
||
|
||
|
||
Abstract
We show the existence of equilibrium in a two-period incomplete financial market with non-ordered preferences where agents are subject to cone portfolio constraints. The main theorem of the paper is built on the consequences of portfolio decomposition provided in Hahn and Won (2007). |
||
Keywords Incomplete markets, cone portfolio constraints, portfolio decomposition, constrained arbitrage, competitive equilibrium |
||
JEL classification codes C62, D51 |
Home About Aims and Scope Editorial Board Submit Archive Search |
Journal of the Korean Econometric Society |
Links KCI KES SCOPUS MathJax |