On the existence of Walras equilibrium in irreducible economies with satiable and non-ordered preferences
AbstractIrreducible exchange economies in which consumers’ preferences are satiable and non-ordered are considered. A general existence theorem of dividend quasi-equilibrium is proved and by the theorem the existence of Walras equilibrium is proved under weak assumptions of non-satiation.
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Bibliographic InfoPaper provided by Graduate School of Economics, Hitotsubashi University in its series Discussion Papers with number 2012-05.
Length: 24 p.
Date of creation: Sep 2012
Date of revision:
dividend equilibrium; Walras equilibrium; irreducibility; satiation;
Find related papers by JEL classification:
- C62 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Existence and Stability Conditions of Equilibrium
- D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory
- D41 - Microeconomics - - Market Structure and Pricing - - - Perfect Competition
- D51 - Microeconomics - - General Equilibrium and Disequilibrium - - - Exchange and Production Economies
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- Allouch, Nizar & Le Van, Cuong, 2008.
"Walras and dividends equilibrium with possibly satiated consumers,"
Journal of Mathematical Economics,
Elsevier, vol. 44(9-10), pages 907-918, September.
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