Abstract:
Gale and Mas-Collel and Shafer and Sonnenschein introduced powerful new theorems on the existence of competitive equilibrium which used the assumption that the graph of the strict preference relation P is an open set. We show when this condition is satisfied and when it is not.
Related works: Journal Article: Preferences which have open graphs (1976) This item may be available elsewhere in EconPapers: Search for items with the same title.