Equilibrium with non-convex preferences: some examples

We study the existence of equilibrium when agents’ preferences may not be convex. For some specific utility functions, we provide a necessary and sufficient condition under which there exists an equilibrium. The standard approach cannot be directly applied to our examples because the demand correspondence of some agents is neither single valued nor convex valued.

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Year of publication:	2021-03-13
Authors:	Le Van, Cuong ; Pham, Ngoc-Sang

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Type of publication:	Book / Working Paper
Language:	English
Notes:	Le Van, Cuong and Pham, Ngoc-Sang (2021): Equilibrium with non-convex preferences: some examples.
Classification:	D11 - Consumer Economics: Theory ; D51 - Exchange and Production Economies
Source:	BASE

Persistent link: https://www.econbiz.de/10015238162