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A Generalization of Continuity and Convexity Conditions for Correspondences in Economic Equilibrium Theory
Authors:Ken Urai  & Takashi Hayashi
Institution:Osaka University
Abstract:Fixed-point theorems for multi-valued mappings and economic equilibrium existence theorems are generalized from the viewpoint that the continuity and/or convexity assumptions on a mapping may be replaced by weaker local conditions on the vector field defined by the mapping. The generalization gives us natural conditions on individual (possibly non-ordered) preferences or aggregated demand behaviours so that we may obtain several extensions of recent results in social and game-theoretic equilibrium theories.
JEL Classification Numbers: C60, C62, C72, D50, D51.
Keywords:
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