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dc.contributor.authorD'Agata, Antonioen_US
dc.date.accessioned2012-04-18en_US
dc.date.accessioned2012-05-09T10:08:34Z-
dc.date.available2012-05-09T10:08:34Z-
dc.date.issued2012en_US
dc.identifier.citationEconomics: The Open-Access, Open-Assessment E-Journal 6 2012-12 1-16en_US
dc.identifier.pidoi:10.5018/economics-ejournal.ja.2012-12en_US
dc.identifier.urihttp://hdl.handle.net/10419/57824-
dc.description.abstractThe existence of an exact Walrasian equilibrium in nonconvex economies is still a largely unexplored issue. This paper shows that such an equilibrium exists in nonconvex economies by following the nearby economyapproach introduced by Postlewaite and Schmeidler (Approximate Walrasian Equilibrium and Nearby Economies, 1981) for convex economies. More precisely, the paper shows that any equilibrium price of the convexified version of a nonconvex economy is an equilibrium price also for a set of perturbed economies with the same number of agents. It shows that in this set there are economies that differ from the original economy only as regards preferences or initial endowments.en_US
dc.language.isoengen_US
dc.publisherKiel Institute for the World Economy (IfW) Kielen_US
dc.relation.ispartofseriesEconomics 2012-12en_US
dc.subject.jelC62en_US
dc.subject.jelD51en_US
dc.subject.ddc330en_US
dc.subject.keywordExact Walrasian equilibriumen_US
dc.subject.keywordnonconvex economiesen_US
dc.subject.keywordperturbed economiesen_US
dc.subject.stwAllgemeines Gleichgewichten_US
dc.subject.stwTauschwirtschaften_US
dc.subject.stwTheorieen_US
dc.titleExistence of an exact Walrasian equilibrium in nonconvex economiesen_US
dc.typeArticleen_US
dc.identifier.ppn690227965en_US
dc.rights.licensehttp://creativecommons.org/licenses/by-nc/2.0/de/deed.enen_US
dc.identifier.repecRePEc:zbw:ifweej:201212-
Appears in Collections:Economics: The Open-Access, Open-Assessment E-Journal - Journal Articles

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