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Autor:innen: 
Erscheinungsjahr: 
2011
Schriftenreihe/Nr.: 
Economics Discussion Papers No. 2011-47
Verlag: 
Kiel Institute for the World Economy (IfW), Kiel
Zusammenfassung: 
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.
Schlagwörter: 
exact Walrasian equilibrium
non convex economies
perturbed economies
JEL: 
C62
D51
Creative-Commons-Lizenz: 
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Dokumentart: 
Working Paper

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