A Simple and Constructive Proof of the Existence of a Competitive Price Under the Gross Substitute Property
In 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.
|Date of creation:||Dec 2012|
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- Takuya Masuzawa, 2008. "Computing the cores of strategic games with punishment–dominance relations," International Journal of Game Theory, Springer;Game Theory Society, vol. 37(2), pages 185-201, June.
- Joseph Greenberg, 1977. "An Elementary Proof of the Existence of a Competitive Equilibrium with Weak Gross Substitutes," The Quarterly Journal of Economics, Oxford University Press, vol. 91(3), pages 513-516.
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