Irreductibility of a Competitive Market

O. Nomia

Papiers d'Economie Mathématique et Applications from Université Panthéon-Sorbonne (Paris 1)

Abstract: In the case of an economy with production, we unify McKenzie-Debreu's and Arrow-Hahn's concepts of irreductibility by a generalization of the Bergstrom-irreductibility. This, together with existence of a quasi-equilibrium, will be shown to imply existence of a Walras equilibrium.

Keywords: GENERAL; EQUILIBRIUM (search for similar items in EconPapers)
JEL-codes: C62 C68 (search for similar items in EconPapers)
Pages: 11 pages
Date: 1997
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Persistent link: https://EconPapers.repec.org/RePEc:fth:pariem:97.75

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