Allouch, Nizar; Van, Cuong Le - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2008
The main contribution of the paper is to provide a weaker non-satiation assumption than the one commonly used in the … literature to ensure the existence of competitive equilibrium. Our assumption allows for satiation points in the set of … individually feasible consumptions, provided that the consumer has satiation points available to him outside this set. As a result …