An equilibrium existence theorem for atomless economies without the monotonicity assumption

We consider an exchange economy with an atomless space of consumers whose preference relations need not be monotone. We prove that if for every commodity, there is a group of consumers who regard it as potentially desirable, in a sense to be made precise, then there exists a competitive equilibrium, however small the proportion of such a group may be in the entire economy.

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Year of publication:	2006-10-16
Authors:	Hara, Chiaki
Published in:	Economics Bulletin. - AccessEcon, ISSN 1545-2921. - Vol. 4.2006, 34, p. 1-5
Publisher:	AccessEcon

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Extent:	application/pdf
Type of publication:	Article
Classification:	D5 - General Equilibrium and Disequilibrium ; C6 - Mathematical Methods and Programming
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010629518