Approximate Equilibria with Bounds Independent of Preferences

Robert M. Anderson, M. Khan and Salim Rashid ()

The Review of Economic Studies, 1982, vol. 49, issue 3, 473-475

Abstract: We prove the existence of approximate equilibria in exchange economies, giving bounds on the excess demand in terms of the number of traders and norms of the endowments, but independent of the preferences.

Date: 1982
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