Equilibrium in abstract economies without ordered preferences |
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Authors: | Wayne Shafer |
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Affiliation: | Wayne State University, Detroit, Mich. 48202, U.S.A.;Northwestern University, Evanston, Ill. 60201, U.S.A. |
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Abstract: | We extend a theorem of G. Debreu on the existence of equilibrium in a generalized N-person game (‘A Social Equilibrium Existence Theorem’). Applying standard techniques the result can be used to prove the existence of equilibrium in economies with interdependent preferences, price-dependent preferences and preferences which may be both non-transitive and non-complete. This generalizes a recent theorem of A. Mas-Colell. |
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