Walrasian Equilibrium: Two Existence Results

Antonio D'Agata

Rivista Internazionale di Scienze Sociali, 2023, vol. 131, issue 1, 95-103

Abstract: We present two general results concerning the existence of a Walrasian equilibrium on the unit simplex and provide an example of a monetary pure exchange economy whose Walrasian equilibrium cannot be explained by them. Then, we provide generalizations of these results that are able to explain the existence of a Walrasian equilibrium in the economy considered.

Keywords: Walrasian equilibrium; Walras’ Law; monetary economies; Hartman-Stampacchia Theorem; Poincaré-Miranda Theorem (search for similar items in EconPapers)
JEL-codes: C62 D51 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:vep:journl:y:2023:v:131:i:1:p:95-103

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