Chiaki Hara () (Institute of Economic Research, Kyoto University)
Abstract
We consider an exchange economy with an atomless space of consumers whose preference relations need not be monotone. We prove that if for every commodity, there is a group of consumers who regard it as potentially desirable, in a sense to be made precise, then there exists a competitive equilibrium, however small the proportion of such a group may be in the entire economy.
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Publisher Info
Article provided by Economics Bulletin in its journal Economics Bulletin.
Find related papers by JEL classification: D5 - Microeconomics - - General Equilibrium and Disequilibrium C6 - Mathematical and Quantitative Methods - - Mathematical Methods and Programming
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