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An Elementary Proof of the Existence of a Competitive Equilibrium in Some SPecial Classes of Economies

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Author Info
Fraysse, J.

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Abstract

An elementary proof of the existence of a competitive equilibrium is given for economies where the weak axiom of revealed preference or the gross substitution property hold. It is shown by an induction argument that in these cases, the problem is reduced to the question of the existence of an equilibrium in a two-goods economy.

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Publisher Info
Paper provided by Toulouse - GREMAQ in its series Papers with number 97.479.

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Length: 7 pages
Date of creation: 1997
Date of revision:
Handle: RePEc:fth:gremaq:97.479

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Related research
Keywords: ECONOMIC EQUILIBRIUM ; COMPETITION;

Find related papers by JEL classification:
C62 - Mathematical and Quantitative Methods - - Mathematical Methods and Programming - - - Existence and Stability Conditions of Equilibrium

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This page was last updated on 2009-12-16.

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