On the minimal simplex economy

Antonio Pulgar\'in

Papers from arXiv.org

Abstract: In our previous paper we proved that every affine economy has a competitive equilibrium. We define a simplex economy as an affine economy consisting of a stochastic allocation (defining the initial endowments) and a variation with repetition of the number of commodities taking the number of consumers (representing the preferences). We show that a competitive equilibrium can be intrinsically computed in any minimal simplex economy.

Date: 2023-08, Revised 2024-02
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