An elementary equilibrium existence theorem.
This paper gives a proof of the existence of competitive equilibrium under the added assumption that the excess demand function satises the weak axiom. In this case, a proof using the separating hyperplane theorem, and without using a xed point theorem, is possible.
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| Format: | Working paper |
| Sprache: | English |
| Veröffentlicht: |
Nuffield College (University of Oxford)
2000
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