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A Simple and Constructive Proof of the Existence of a Competitive Price Under the Gross Substitute Property

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  • Takuya Masuzawa

    (Faculty of Economics, Keio University)

Abstract

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.

Suggested Citation

  • Takuya Masuzawa, 2012. "A Simple and Constructive Proof of the Existence of a Competitive Price Under the Gross Substitute Property," Keio/Kyoto Joint Global COE Discussion Paper Series 2012-022, Keio/Kyoto Joint Global COE Program.
  • Handle: RePEc:kei:dpaper:2012-022
    as

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    File URL: http://ies.keio.ac.jp/old_project/old/gcoe-econbus/pdf/dp/DP2012-022.pdf
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    References listed on IDEAS

    as
    1. 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.
    2. 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.
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