Showing 1 - 2 of 2
When individual preferences are strictly monotone, the continuity of the excess demand functions that is usually assumed to show the existence of a Walrasian equilibrium does not hold for price vectors in which at least one component is equal to zero. In this paper we provide a simple proof of...
Persistent link: https://www.econbiz.de/10005110962
When individual preferences are strictly monotone, the continuity of the excess demand functions that is usually assumed to show the existence of a Walrasian equilibrium does not hold for price vectors in which at least one component is equal to zero. In this paper we provide a simple proof of...
Persistent link: https://www.econbiz.de/10008468924