Approximate Equilibria with Bounds Independent of Preferences
We prove the existence of approximate equilibria in exchange economies, giving bounds on the excess demand in terms of the number of traders and norms of the endowments, but independent of the preferences.
|Date of creation:||Jun 1981|
|Publication status:||Published in Review of Economic Studies (July 1982), 49(3): 473-475|
|Contact details of provider:|| Postal: Yale University, Box 208281, New Haven, CT 06520-8281 USA|
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|Order Information:|| Postal: Cowles Foundation, Yale University, Box 208281, New Haven, CT 06520-8281 USA|
References listed on IDEAS
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- Hildenbrand, Werner & Schmeidler, David & Zamir, Shmuel, 1973.
"Existence of Approximate Equilibria and Cores,"
Econometric Society, vol. 41(6), pages 1159-1166, November.
- Khan, M. Ali, 1975. "Some approximate equilibria," Journal of Mathematical Economics, Elsevier, vol. 2(1), pages 63-86, March.
- Starr, Ross M, 1969. "Quasi-Equilibria in Markets with Non-Convex Preferences," Econometrica, Econometric Society, vol. 37(1), pages 25-38, January.
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