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A Variational Problem Related to a Continuous-Time Allocation Process for a Continuum of Traders

✍ Scribed by Fabián Flores-Bazán; Jean-Pierre Raymond


Publisher
Elsevier Science
Year
2001
Tongue
English
Weight
118 KB
Volume
261
Category
Article
ISSN
0022-247X

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✦ Synopsis


We provide an existence theorem to continuous-time allocation process for a continuum of traders, in the absence of a concavity condition on the utility function, and under the presence of some economic parameters.


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