Existence of Equilibrium Prices for Discontinuous Excess Demand Correspondences

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Title:Existence of Equilibrium Prices for Discontinuous Excess Demand Correspondences
Creators:
Scalzo, Vincenzo
Journal or Publication Title:
AUCO Czech Economic Review, 5, 2, pp. 203-210
Uncontrolled Keywords:Discontinuous excess demand correspondences, existence of equilibrium prices, weak axiom of revealed preferences

Abstract

The aim of the paper is to obtain the existence of equilibrium prices in economies where the excess demand correspondences—differently from the usual condition—are not necessarily upper semicontinuous. So, in our setting, we cannot use the Gale-Debreu-Nikaido Lemma. The existence of equilibrium prices is obtained for discontinuous excess demand correspondences which obey to a condition like of the weak axiom of reveled preferences.

Official URL: http://www.ceeol.com/aspx/issuedetails.aspx?issueid=F7AA27BA-1FA2-4B2D-80EA-586F10A7D291&articleid=0E946C9E-E08F-44EA-8239-53A0D84FC878

Title:Existence of Equilibrium Prices for Discontinuous Excess Demand Correspondences
Creators:
Scalzo, Vincenzo
Uncontrolled Keywords:Discontinuous excess demand correspondences, existence of equilibrium prices, weak axiom of revealed preferences
Subjects:H Social Sciences > HB Economic Theory
H Social Sciences > HG Finance
H Social Sciences > HF Commerce
Divisions:Section of external journals > AUCO Czech Economic Review
Journal or Publication Title:AUCO Czech Economic Review
Volume:5
Number:2
Page Range:pp. 203-210
ISSN:1802-4696
Publisher:Charles University
Related URLs:
URLURL Type
http://auco.cuni.czPublisher
http://avi.lib.cas.cz/node/183Publisher
ID Code:6773
Item Type:Article
Deposited On:29 Aug 2011 19:17
Last Modified:29 Aug 2011 17:17

Citation

Scalzo, Vincenzo (2011) Existence of Equilibrium Prices for Discontinuous Excess Demand Correspondences. AUCO Czech Economic Review, 5 (2). pp. 203-210. ISSN 1802-4696

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