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| Title: | | Existence of exact Walrasian equilibria in non convex economies  |
| Authors: | | D'Agata, Antonio |
| Issue Date: | | 2011 |
| Series/Report no.: | | Economics Discussion Papers 2011-47 |
| Abstract: | | 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. |
| Subjects: | | exact Walrasian equilibrium non convex economies perturbed economies |
| JEL: | | C62 D51 |
| Creative Commons License: | |  |
| Document Type: | | Working Paper |
| Appears in Collections: | | Economics: The Open-Access, Open-Assessment E-Journal - Discussion Papers
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