Published September 26, 2017
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On Equilibria of Excess Demand Correspondences
- Creators
-
Border, Kim C.
Abstract
A new lemma on the existence of maximal elements of binary relations is proved and applied to a revealed preference relation on price vectors. The resulting maximal elements are equilibrium prices. This technique allows one to generalize results of Aliprantis and Brown [1982], Neuefeind [1980], and Geistdoerfer-Florenzano [1982].
Additional Information
Revised. Original dated to September 1982. I have benefited greatly from the comments of Don Brown and Ed Green.Attached Files
Submitted - sswp460_-_revised.pdf
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sswp460_-_revised.pdf
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Additional details
- Eprint ID
- 81844
- Resolver ID
- CaltechAUTHORS:20170926-135446678
- Created
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2017-09-26Created from EPrint's datestamp field
- Updated
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2019-10-03Created from EPrint's last_modified field
- Caltech groups
- Social Science Working Papers
- Series Name
- Social Science Working Paper
- Series Volume or Issue Number
- 460