Danilov, Vladimir; Frank, Gleb; Page, Frank; Wooders, Myrna - Vanderbilt University Department of Economics - 2012
equilibrium with unbounded short sales place conditions on recession cones of agents' preferred sets or, more recently, require … compactness of the utility possibilities set. In contrast, in this paper, we place conditions on the preferred sets themselves …. Roughly, our condition is that the sum of the weakly preferred sets is a closed set. We demonstrate that our condition implies …