Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/150192
Authors: 
Weyl, E. Glen
White, Alexander
Azevedo, Eduardo M.
Year of Publication: 
2013
Citation: 
[Journal:] Theoretical Economics [ISSN:] 1555-7561 [Volume:] 8 [Year:] 2013 [Issue:] 2 [Pages:] 281-290
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: 
https://creativecommons.org/licenses/by-nc/3.0/
Document Type: 
Article

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