Acta mathematica scientia,Series A ›› 2000, Vol. 20 ›› Issue (4): 513-520.
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Abstract:
The budget constraints with imcomplete markets are nonlinear setvalued mappings from product space of price simplex and Grassman manifold to commodity space when consumers' preferences are convex. In order to study the existence of general equilibrium in this modle, we investigated the set-valued mappings and proved that nonarbitrage budget correspondences are continuous.
Key words: Budget correspondence, Grassman manifold, Continuity
CLC Number:
He Sui. The Continuity of NonArbitrage Budget Correspondence[J].Acta mathematica scientia,Series A, 2000, 20(4): 513-520.
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