IDEAS home Printed from https://ideas.repec.org/a/ecm/emetrp/v73y2005i2p647-658.html
   My bibliography  Save this article

Existence of Equilibria in Economies with Bads

Author

Listed:
  • Chiaki Hara

Abstract

We consider an exchange economy in which there are infinitely many consumers and some commodities are bads, that is, cause disutility to consumers. We give an example of such an economy for which there is no competitive equilibrium or its variants (quasi- or pseudo-equilibrium), and an example of the failure of the so-called uniform integrability condition of equilibrium allocations of increasingly populous finite economies. Copyright The Econometric Society 2005.

Suggested Citation

  • Chiaki Hara, 2005. "Existence of Equilibria in Economies with Bads," Econometrica, Econometric Society, vol. 73(2), pages 647-658, March.
    • Handle: RePEc:ecm:emetrp:v:73:y:2005:i:2:p:647-658
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1111/j.1468-0262.2005.00590.x
    File Function: link to full text
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Hara, Chiaki, 2005. "Bargaining set and anonymous core without the monotonicity assumption," Journal of Mathematical Economics, Elsevier, vol. 41(4-5), pages 545-556, August.
    2. Chiaki Hara, 2006. "An equilibrium existence theorem for atomless economies without the monotonicity assumption," Economics Bulletin, AccessEcon, vol. 4(34), pages 1-5.
    3. Sergey MALAKHOV, 2018. "Propensity to Search and Income Elasticity of Demand: Does the Equilibrium Really Exist?," Expert Journal of Economics, Sprint Investify, vol. 6(1), pages 15-25.
    4. Robert M. Anderson & Haosui Duanmu & M. Ali Khan & Metin Uyanik, 2022. "Walrasian equilibrium theory with and without free-disposal: theorems and counterexamples in an infinite-agent context," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 73(2), pages 387-412, April.
    5. Miralles, Antonio & Pycia, Marek, 2021. "Foundations of pseudomarkets: Walrasian equilibria for discrete resources," Journal of Economic Theory, Elsevier, vol. 196(C).
    6. Yang, Yi-You, 2015. "On the Maximal Domain Theorem," MPRA Paper 67265, University Library of Munich, Germany.
    7. repec:ebl:ecbull:v:4:y:2006:i:34:p:1-5 is not listed on IDEAS
    8. M. Ali Khan & Metin Uyanik, 2020. "Binary Relations in Mathematical Economics: On the Continuity, Additivity and Monotonicity Postulates in Eilenberg, Villegas and DeGroot," Papers 2007.01952, arXiv.org.
    9. Simina Br^anzei & Fedor Sandomirskiy, 2019. "Algorithms for Competitive Division of Chores," Papers 1907.01766, arXiv.org, revised Jul 2023.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ecm:emetrp:v:73:y:2005:i:2:p:647-658. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/essssea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.