A Simple and Constructive Proof of the Existence of a Competitive Price Under the Gross Substitute Property
AbstractIn this note, we demonstrate, in a simpler and more direct manner than done in existing literature, the existence of an equilibrium in a market whose excess demand function has the gross substitute property.
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Bibliographic InfoPaper provided by Keio/Kyoto Joint Global COE Program in its series Keio/Kyoto Joint Global COE Discussion Paper Series with number 2012-022.
Length: 5 pages
Date of creation: Dec 2012
Date of revision:
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- Takuya Masuzawa, 2008. "Computing the cores of strategic games with punishment–dominance relations," International Journal of Game Theory, Springer, vol. 37(2), pages 185-201, June.
- Greenberg, Joseph, 1977. "An Elementary Proof of the Existence of a Competitive Equilibrium with Weak Gross Substitutes," The Quarterly Journal of Economics, MIT Press, vol. 91(3), pages 513-16, August.
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