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No-arbitrage condition and existence of equilibrium with dividends. (English) Zbl 1280.91108

Summary: We first give an elementary proof of existence of equilibrium with dividends in an economy with possibly satiated consumers. We then introduce a no-arbitrage condition and show that it is equivalent to the existence of equilibrium with dividends.

MSC:

91B50 General equilibrium theory
91B52 Special types of economic equilibria
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