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Utility-refined and budget-refined ɛ-competitive equilibria

Attila Tasnádi ()

Economics Letters, 2022, vol. 212, issue C

Abstract: In finitely additive exchange economies the usual definition of competitive equilibrium can result in an empty equilibrium set, and therefore one has to consider notions of ɛ-competitive equilibria. In this paper we investigate the relationship between two notions of ɛ-competitive equilibria.

Keywords: Competitive equilibrium; Approximate equilibrium; Exchange economies (search for similar items in EconPapers)
JEL-codes: D51 (search for similar items in EconPapers)
Date: 2022
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DOI: 10.1016/j.econlet.2022.110278

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