The existence of an exact Walrasian equilibrium in non convex economies is still a largely unexplored issue. In this paper an existence result for exact equilibrium in non convex economies is provided by following the “almost-near” approach introduced by Postlewaite and Schmeidler for convex economies. More precisely, we show that for any non convex economy there is a set of “perturbed” economies with the same number of agents exhibiting an exact Walrasian equilibrium; moreover as the number of agents tends to infinity the perturbed economies can be chosen as much close as we like to the original one.
Titolo: | Existence of exact Walrasian equilibria in non convex economies |
Autori interni: | |
Data di pubblicazione: | 2011 |
Handle: | http://hdl.handle.net/20.500.11769/116935 |
Appare nelle tipologie: | 5.12 Altro |
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