Existence of Walrasian equilibria with discontinuous, non-ordered, interdependent and price-dependent preferences
Wei He () and
Nicholas C. Yannelis ()
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Wei He: The University of Iowa
Nicholas C. Yannelis: The University of Iowa
Economic Theory, 2016, vol. 61, issue 3, No 5, 497-513
Abstract:
Abstract We generalize the classical equilibrium existence theorems by dispensing with the assumption of continuity of preferences. Our new existence results allow us to dispense with the interiority assumption on the initial endowments. Furthermore, we allow for non-ordered, interdependent and price-dependent preferences.
Keywords: Continuous inclusion property; Abstract economy; Existence of Walrasian equilibria (search for similar items in EconPapers)
JEL-codes: C62 D51 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (11)
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DOI: 10.1007/s00199-015-0875-x
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