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Existence of Walrasian equilibria with discontinuous, non-ordered, interdependent and price-dependent preferences

Author

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  • Wei He

    (The University of Iowa)

  • Nicholas C. Yannelis

    (The University of Iowa)

Abstract

We generalize the classical equilibrium existence theorems by dispensing with the assumption of continuity of preferences. Our new existence results allow us to dispense with the interiority assumption on the initial endowments. Furthermore, we allow for non-ordered, interdependent and price-dependent preferences.

Suggested Citation

  • Wei He & Nicholas C. Yannelis, 2016. "Existence of Walrasian equilibria with discontinuous, non-ordered, interdependent and price-dependent preferences," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 61(3), pages 497-513, March.
    • Handle: RePEc:spr:joecth:v:61:y:2016:i:3:d:10.1007_s00199-015-0875-x
    DOI: 10.1007/s00199-015-0875-x
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    Cited by:

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    2. Rabia Nessah, 2022. "Weakly continuous security and nash equilibrium," Theory and Decision, Springer, vol. 93(4), pages 725-745, November.
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    More about this item

    Keywords

    Continuous inclusion property; Abstract economy; Existence of Walrasian equilibria;
    All these keywords.

    JEL classification:

    • C62 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Existence and Stability Conditions of Equilibrium
    • D51 - Microeconomics - - General Equilibrium and Disequilibrium - - - Exchange and Production Economies

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