D'Agata, Antonio - Institut für Weltwirtschaft (IfW) - 2011
The existence of an exact Walrasian equilibrium in non convex economies is still a largely unexplored issue. In this … paper an existence result for exact equilibrium in non convex economies is provided by following the almost-near approach … introduced by Postlewaite and Schmeidler for convex economies. More precisely, we show that for any non convex economy there is a …