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Existence of Walrasian equilibria with discontinuous, non-ordered, interdependent preferences, without free disposal, and with an infinite-dimensional commodity space
Journal article   Open access   Peer reviewed

Existence of Walrasian equilibria with discontinuous, non-ordered, interdependent preferences, without free disposal, and with an infinite-dimensional commodity space

Konrad Podczeck and Nicholas C. Yannelis
Economic theory, Vol.78(2), pp.389-401
02/28/2024
DOI: 10.1007/s00199-024-01553-0
url
https://doi.org/10.1007/s00199-024-01553-0View
Published (Version of record) Open Access

Abstract

A new proof of the existence of a Walrasian equilibrium with an infinite dimensional commodity space is provided, which allows agents' preferences to be discontinuous. The new theorems include as corollaries the existence results of Mas-Collel, Yannelis and Zame, Araujo and Monteiro, and Mas-Collel and Richard, among others.
Economics Social Sciences Business & Economics

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