A note on economic equilibrium with nonsatiated utility functions

• Autorzy: Magdalena Nockowska-Rosiak
• Języki publikacji: EN

Abstrakty

EN

The purpose of this paper is to prove the existence of a Walrasian equilibrium for the Arrow-Debreu and Arrow-Debreu-McKenzie models with positive price vector with nonsatiated utility functions of consumers by using variational inequalities. Moreover, the same technique is used to give an alternative proof of the existence of a Walrasian equilibrium for the Arrow-Debreu and Arrow-Debreu-McKenzie models with nonnegative, nonzero price vector with nonsatiated utility functions.

Kategorie tematyczne

• 65K10: Optimization and variational techniques
• 91B50: General equilibrium theory

• Wydawca: Institute of Mathematics Polish Academy of Sciences
• Czasopismo: Applicationes Mathematicae
• Rocznik: 2013
• Tom: 40
• Numer: 1
• Strony: 117-126

Daty

wydano

2013

Twórcy

autor

Magdalena Nockowska-Rosiak

• Institute of Mathematics, Technical University of Łódź, Wólczańska 215, 90-924 Łódź, Poland

Identyfikatory

DOI

10.4064/am40-1-8