A simple proof of the existence of an equilibrium when the weak axiom holds

Jean Frayssé

Journal of Mathematical Economics, 2009, vol. 45, issue 11, 767-769

Abstract: An elementary proof of the existence of a competitive equilibrium is given for economies where the weak axiom holds. It is shown by an induction argument on the number of goods that the problem is reduced to the question of the existence of an equilibrium in a two-good economy.

Keywords: Existence; of; equilibrium; Excess; demand; function; Weak; axiom; Gross; substitutes (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:mateco:v:45:y:2009:i:11:p:767-769

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