Utility-refined and budget-refined ɛ-competitive equilibria
Attila Tasnádi ()
Economics Letters, 2022, vol. 212, issue C
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)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:212:y:2022:i:c:s0165176522000052
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