Allouch, Nizar; Van, Cuong Le - School of Economics and Finance, Queen Mary - 2006
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 inside the set of … individually feasible consumptions, provided that the consumer has satiation points available to him outside this set. As a result …