Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/52226
Authors: 
D'Agata, Antonio
Year of Publication: 
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: 
http://creativecommons.org/licenses/by-nc/2.0/de/deed.en
Document Type: 
Working Paper

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