Yet Another Proof of the Existence of a Competitive Equilibrium

Authors

Keywords:

competitive equilibrium, Walrasian equilibrium, pure exchange economy, fixed point theorem, general equilibrium

Abstract

This note provides a new proof of the existence of a walrasian equilibrium in pure exchange economies under quite standard and general assumptions. The proof still employs a fixed point argument, however, it is shorter and simpler than those currently available for the case considered.

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Author Biography

Antonio d'Agata, University of Catania

Faculty of Political Sciences. University of Catania.

References

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McKenzie, L. (1954). On equilibrium in graham's model of world trade and other competitive systems. Econometrica, 22(2), 147–161. https://doi.org/10.2307/1907539

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Published

2001-10-31

How to Cite

d'Agata, A. (2001). Yet Another Proof of the Existence of a Competitive Equilibrium. Economic Analysis Review, 16(2), 155–158. Retrieved from https://www.rae-ear.org/index.php/rae/article/view/11

Issue

Vol. 16 No. 2 (2001)

Section

Articles

License

Copyright (c) 2001 Antonio d'Agata

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This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

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