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On Equilibria of Excess Demand Correspondences

Border, Kim C. (1983) On Equilibria of Excess Demand Correspondences. Social Science Working Paper, 460. California Institute of Technology , Pasadena, CA. (Unpublished) https://resolver.caltech.edu/CaltechAUTHORS:20170926-135446678

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Abstract

A new lemma on the existence of maximal elements of binary relations is proved and applied to a revealed preference relation on price vectors. The resulting maximal elements are equilibrium prices. This technique allows one to generalize results of Aliprantis and Brown [1982], Neuefeind [1980], and Geistdoerfer-Florenzano [1982].


Item Type:Report or Paper (Working Paper)
ORCID:
AuthorORCID
Border, Kim C.0000-0003-4437-0524
Additional Information:Revised. Original dated to September 1982. I have benefited greatly from the comments of Don Brown and Ed Green.
Group:Social Science Working Papers
Series Name:Social Science Working Paper
Issue or Number:460
Record Number:CaltechAUTHORS:20170926-135446678
Persistent URL:https://resolver.caltech.edu/CaltechAUTHORS:20170926-135446678
Usage Policy:No commercial reproduction, distribution, display or performance rights in this work are provided.
ID Code:81844
Collection:CaltechAUTHORS
Deposited By: Jacquelyn Bussone
Deposited On:26 Sep 2017 21:14
Last Modified:03 Oct 2019 18:47

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