On the existence of price equilibrium in economies with excess demand functions
نویسندگان
چکیده
منابع مشابه
On the Existence of Price Equilibrium in Economies with Excess Demand Functions
This paper provides a price equilibrium existence theorem in economies where commodities may be indivisible and aggregate excess demand functions may be discontinuous. We introduce a very weak notion of continuity, called recursive transfer lower semi-continuity, which is weaker than transfer lower semi-continuity and in turn weaker than lower semicontinuity. It is shown that the condition, tog...
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ژورنال
عنوان ژورنال: Economic Theory Bulletin
سال: 2016
ISSN: 2196-1085,2196-1093
DOI: 10.1007/s40505-015-0091-7