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Some results on general assumptions about the existence of economic equilibrium
Authors:VL Makarov
Institution:Academy of Sciences, 630090 Novosibirsk, USSR, Russia
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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