Equilibrium in economies without ordered preferences or free disposal |
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| Authors: | Wayne J Shafer |
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| Institution: | Wayne State University, Detroit, MI 48202, U.S.A. |
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| Abstract: | Recent work in competitive equilibrium analysis, pioneered by Mas-Colell (1974), ‘An equil- brium existence theorem without complete or transitive preferences’, has established existence of equilibrium in an economy in which preferences are not orderings. The purpose of this note is to show that the assumption of free disposal is not necessary for existence. |
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