An equilibrium existence theorem for atomless economies without the monotonicity assumption

Chiaki Hara ()
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Chiaki Hara: Institute of Economic Research, Kyoto University

Economics Bulletin, 2006, vol. 4, issue 34, 1-5

Abstract: We consider an exchange economy with an atomless space of consumers whose preference relations need not be monotone. We prove that if for every commodity, there is a group of consumers who regard it as potentially desirable, in a sense to be made precise, then there exists a competitive equilibrium, however small the proportion of such a group may be in the entire economy.

JEL-codes: C6 D5 (search for similar items in EconPapers)
Date: 2006-10-16
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