Absolute approximations to equilibrium in markets with non-convex preferences |
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Authors: | A. Shaked |
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Affiliation: | Nuffield College, Oxford, England |
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Abstract: | It is by now a well-known result that non-convexity can be ‘cured’ in large markets. There exist approximations to core allocations and competitive equilibria, in these approximations the excess demand is made small relative to the size of the economy. This work is concerned with absolute approximations, that is, making the excess demand itself arbitrarily small. |
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