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  • 标题:Existence of Financial Equilibria in a General Equilibrium Model with Piece-Wise Smooth Production Manifolds
  • 本地全文:下载
  • 作者:Pascal Stiefenhofer
  • 期刊名称:Journal of Mathematical Finance
  • 印刷版ISSN:2162-2434
  • 电子版ISSN:2162-2442
  • 出版年度:2017
  • 卷号:07
  • 期号:03
  • 页码:671-681
  • DOI:10.4236/jmf.2017.73035
  • 语种:English
  • 出版社:Scientific Research Publishing
  • 摘要:This paper considers a general equilibrium model with production and uncertainty. It is postulated that the firm finances its production capacity through the stock market and that its operational costs are covered through revenues. It is assumed that firms have linear technologies exhibiting constant returns to scale. Their production sets are piece-wise smooth convex manifolds. By method of regularization, it is shown using transversally theory that financial equilibria exists.
  • 关键词:Existence of Equilibria;Transversality;Linear Technology;General Equilibrium;Production;Regularization
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