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Persistent link: https://www.econbiz.de/10010557787
This paper establishes a general result on the existence of non-trivial quasi-equilibria for economies with infinitely many commodities, in which consumers’ preferences are assumed to be lower semi-continuous, but not necessarily to have open lower sections nor to be open valued. Such...
Persistent link: https://www.econbiz.de/10005370914
This note introduces a new concept of core - open core, using which it shows a quasi-equilibrium existence result in an economy where consumers' preference relations are assumed to be lower semi-continuous, but not necessarily to have open lower sections nor to be open valued, such as the...
Persistent link: https://www.econbiz.de/10005597894