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Working paper

An elementary equilibrium existence theorem.

Abstract:
This paper gives a proof of the existence of competitive equilibrium under the added assumption that the excess demand function satises the weak axiom. In this case, a proof using the separating hyperplane theorem, and without using a xed point theorem, is possible.

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Publisher:
Nuffield College (University of Oxford)
Series:
Economics Working Papers
Publication date:
2000-01-01
Language:
English
UUID:
uuid:871262c2-f9af-41f4-ab53-c9a01c272467
Local pid:
oai:economics.ouls.ox.ac.uk:12733
Deposit date:
2011-08-15

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