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Existence of Walrasian equilibria with discontinuous, non-ordered, interdependent and price-dependent preferences
Journal article   Peer reviewed

Existence of Walrasian equilibria with discontinuous, non-ordered, interdependent and price-dependent preferences

Wei He and Nicholas C. Yannelis
Economic theory, Vol.61(3), pp.497-513
03/01/2016
DOI: 10.1007/s00199-015-0875-x

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Abstract

We generalize the classical equilibrium existence theorems by dispensing with the assumption of continuity of preferences. Our new existence results allow us to dispense with the interiority assumption on the initial endowments. Furthermore, we allow for non-ordered, interdependent and price-dependent preferences.
Business & Economics Economics Social Sciences

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