Equilibrium in a Market Game

被引：0

作者：

Yan-An Hwang

Mau-Hsiang Shih

机构：

[1] National Dong Hwa University,Department of Applied Mathematics

[2] National Taiwan Normal University,Department of Mathematics

来源：

Economic Theory | 2007年 / 31卷

关键词：

Market game; Price equilibrium;

D O I：

暂无

中图分类号：

学科分类号：

摘要：

This paper studies the equilibrium of an exchange economy with the same number of agents and commodities. It is shown that under rather mild conditions on demand the market have a price equilibrium—independently of the divisibility of the commodities. The result extends Gale’s equilibrium theorem for indivisible commodities to the case where some commodities are perfectly divisible. The proof is based on a topological lemma contained in previous paper of one of the authors.

引用

页码：387 / 392

页数：5

共 13 条

[1] Danilov V.(2001)Discrete convexity and equilibria in economies with indivisible goods and money Math Soc Sci 41 251-273
[2] Koshevoy G.(1984)Equilibrium in a discrete exchange economy with money Int J Game Theory 13 61-64
[3] Murota K.(1929)Ein Beweis des Fixpunktsatzes für n-dimensionale Simplexe Fundam Math 14 132-137
[4] Gale D.(2002)Existence and welfare properties of equilibrium in an exchange economy with multiple divisible and indivisible commodities and linear production technologies J Econ Theory 103 411-428
[5] Knaster B.(1984)Core and competitive equilibria with indivisibilities Int J Game Theory 13 41-60
[6] Kuratowski C.(1993)Combinatorial formulae for multiple set-valued labellings Math Ann 296 35-61
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