An Elementary Proof of the Existence of a Competitive Equilibrium in Some SPecial Classes of Economies

Jean Frayssé

Working Papers from Toulouse - GREMAQ

Abstract: An elementary proof of the existence of a competitive equilibrium is given for economies where the weak axiom of revealed preference or the gross substitution property hold. It is shown by an induction argument that in these cases, the problem is reduced to the question of the existence of an equilibrium in a two-goods economy.

Keywords: ECONOMIC EQUILIBRIUM; COMPETITION (search for similar items in EconPapers)
JEL-codes: C62 (search for similar items in EconPapers)
Pages: 7 pages
Date: 1997
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:fth:gremaq:97.479

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