search query: @indexterm ARBITRAGE / total: 72
reference: 66 / 72
| Author: | Brown, D. Werner, J. |
| Title: | Arbitrage and existence of equilibrium in infinite asset markets |
| Journal: | Review of Economic Studies
1995 : JAN, VOL. 62(1):210, p. 101-114 |
| Index terms: | ECONOMICS ARBITRAGE MARKETS |
| Language: | eng |
| Abstract: | This paper develops a framework for a general equilibrium analysis of asset markets when the number of assets is infinite. Such markets have been studied in the context of asset pricing theories. The main results concern the existence of an equilibrium. The authors show that an equilibrium exists if there is a price system under which no investor has an arbitrage opportunity. A similar result has been previously known to hold in finite asset markets. |
SCIMA