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Approximate Equilibria with Bounds Independent of Preferences

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Author Info

  • Robert M. Anderson

    (Princeton University)

  • M. Ali Khan

    (Johns Hopkins University)

  • Salim Rashid

    (Dartmouth College)

Abstract

We prove the existence of approximate equilibria in exchange economies, giving bounds on the excess demand in terms of the number of traders and norms of the endowments, but independent of the preferences.

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File URL: http://cowles.econ.yale.edu/P/cd/d05b/d0595.pdf
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Bibliographic Info

Paper provided by Cowles Foundation for Research in Economics, Yale University in its series Cowles Foundation Discussion Papers with number 595.

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Length: 5 pages
Date of creation: Jun 1981
Date of revision:
Publication status: Published in Review of Economic Studies (July 1982), 49(3): 473-475
Handle: RePEc:cwl:cwldpp:595

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Postal: Yale University, Box 208281, New Haven, CT 06520-8281 USA
Phone: (203) 432-3702
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Web page: http://cowles.econ.yale.edu/
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Postal: Cowles Foundation, Yale University, Box 208281, New Haven, CT 06520-8281 USA

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References

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  1. Hildenbrand, Werner & Schmeidler, David & Zamir, Shmuel, 1973. "Existence of Approximate Equilibria and Cores," Econometrica, Econometric Society, vol. 41(6), pages 1159-66, November.
  2. Starr, Ross M, 1969. "Quasi-Equilibria in Markets with Non-Convex Preferences," Econometrica, Econometric Society, vol. 37(1), pages 25-38, January.
  3. Khan, M. Ali, 1975. "Some approximate equilibria," Journal of Mathematical Economics, Elsevier, vol. 2(1), pages 63-86, March.
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Cited by:
  1. Anderson, Robert M., 2010. "Core allocations and small income transfers," Journal of Mathematical Economics, Elsevier, vol. 46(4), pages 373-381, July.
  2. M. Ali Khan, 2007. "Perfect Competition," PIDE-Working Papers 2007:15, Pakistan Institute of Development Economics.
  3. Khan, M. Ali Khan, 2007. "Perfect Competition," MPRA Paper 2202, University Library of Munich, Germany.
  4. D'Agata, Antonio, 2012. "Existence of an exact Walrasian equilibrium in nonconvex economies," Economics - The Open-Access, Open-Assessment E-Journal, Kiel Institute for the World Economy, vol. 6(12), pages 1-16.
  5. M. Ali Khan & Kali P. Rath, 2011. "The Shapley-Folkman Theorem and the Range of a Bounded Measure: An Elementary and Unified Treatment," Economics Working Paper Archive 586, The Johns Hopkins University,Department of Economics.

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