Equilibrium Theory with Possibly Satiated Preferences

Andreu Mas-Colell

Chapter 9 in Equilibrium and Dynamics, 1992, pp 201-213 from Palgrave Macmillan

Abstract: Abstract In the applications of equilibrium theory one occasionally encounters situations where consumption sets are naturally compact. Two examples are: (i) fix-price equilibria where consumption is restricted to a given budget set and the equilibrating variables are ration-coupons prices (as in Drèze and Muller, 1980); (ii) models where the choice variables are probability distributions on a fixed number of indivisible objects (as in Hylland and Zeckhauser, 1979).

Keywords: Profit Maximisation; Equilibrium Theory; Feasible State; Open Graph; Walrasian Equilibrium (search for similar items in EconPapers)
Date: 1992
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DOI: 10.1007/978-1-349-11696-6_9

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