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Fixed point theorems are the standard tool used to prove the existence of equilibria in mathematical economics. This paper shows how to prove a slight generalization of Brouwer's and Kakutani's fixed point theorems using the familiar techniques of drawing and shifting curves in the plane and is,...
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The paper examines some issues linked to the integration of market power in general equilibrium. The first part reviews the different existing approaches: subjective and objective, in terms of quantities and in terms of prices. The second part presents a semi-competitive model, based on a sector...
Persistent link: https://www.econbiz.de/10005779667
The paper examines some issues linked to the integration of market power in general equilibrium. The first part reviews the different existing approaches : subjective and objective, in terms of quantitites and in terms of prices. The second part presents a semi-competitive model, based on a...
Persistent link: https://www.econbiz.de/10005609608
In this paper, from the excess utility function we obtain a binary relation in the social weights space and then, for an infinite dimensional economy, we prove the existence of equilibrium in our approach we don't suppose the existence of a demand function. Finally, we obtain a condition for the...
Persistent link: https://www.econbiz.de/10005487142