Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/150192 
Year of Publication: 
2013
Citation: 
[Journal:] Theoretical Economics [ISSN:] 1555-7561 [Volume:] 8 [Issue:] 2 [Publisher:] The Econometric Society [Place:] New Haven, CT [Year:] 2013 [Pages:] 281-290
Publisher: 
The Econometric Society, New Haven, CT
Abstract: 
In an economy with indivisible goods, a continuum of agents and quasilinear utility, we show that equilibrium exists regardless of the nature of agents' preferences over bundles. This contrasts with results for economies with a finite number of agents, which require restrictions on preferences (such as substitutability) to guarantee existence. When the distribution of preferences has full support, equilibrium prices are unique.
Subjects: 
Walrasian equilibrium
quasilinear utility
indivisible goods
continuum economies
complementary preferences
JEL: 
D51
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc Logo
Document Type: 
Article

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