Some results on general assumptions about the existence of economic equilibrium |
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Authors: | V.L. Makarov |
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Affiliation: | Academy of Sciences, 630090 Novosibirsk, USSR, Russia |
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Abstract: | In the present paper we maximally use the possibilities provided by the Nash approach and the Kakutani fixed point theorem for proving the existence of an economic equilibrium. We obtain a general existence theorem which does not require a special form for income distribution functions and producer's objectives, independence of consumers' tastes, ordered preference and zero degree homogeneous price dependence. The role of the non-satiation assumption becomes more clear. |
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