Walrasian Equilibrium: Two Existence Results

newdigital Walrasian Equilibrium: Two Existence Results

Article

Magazine

RIVISTA INTERNAZIONALE DI SCIENZE SOCIALI

Fascicle

RIVISTA INTERNAZIONALE DI SCIENZE SOCIALI - 2023 - 1. A special issue in honor of Gerd Weinrich

Title

Walrasian Equilibrium: Two Existence Results

Author

Antonio D'Agata

Publisher

Vita e Pensiero

Format

Article |

Pdf

Online from

05-2023

Doi

10.26350/000518_000111

Issn

0035-676X (print) | 1827-7918 (digital)

€ 6.00

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Description

We present two general results concerning the existence of a Walrasian equilibrium on the unit simplex and provide an example of a monetary pure exchange economy whose Walrasian equilibrium cannot be explained by them. Then, we provide generalizations of these results that are able to explain the existence of a Walrasian equilibrium in the economy considered.