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.

Manylion Llyfryddiaeth
Prif Awdur: Quah, J
Fformat: Working paper
Iaith:English
Cyhoeddwyd: Nuffield College (University of Oxford) 2000