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EQUILIBRIUM IN PRODUCTION ECONOMIES WITH NONTRANSITIVE AND SATIABLE PREFERENCES

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주제분류경제학

초록

It is shown that an equilibrium exists in a production economy when preferences are allowed to be nontransitive and satiated. In addition to the standard assumptions, a new condition is introduced to handle satiation. The conventional excess demand approach is modified to take into account the effect of satiation on equilibrium.

Abstract

It is shown that an equilibrium exists in a production economy when preferences are allowed to be nontransitive and satiated. In addition to the standard assumptions, a new condition is introduced to handle satiation. The conventional excess demand approach is modified to take into account the effect of satiation on equilibrium.

참고문헌 (12)

  1. "Equilibrium Theory with a Measure Space of Possibly Satiated Consumers", 39, pp.175~196 (2003)
  2. "“Existence of Competitive Equilibrium Handbook of Mathematical Economics" (1982), North-Holland.
  3. "How to Discard Nonsatiation and Free Disposal with Paper Money", 25, pp.75~84 (1996)
  4. "“Observing Violations of Transitivity by Experimental Methods", ” eco 59(metrica), pp.425~439 (1991)
  5. "Equilibria in Large Economies with a Separable Banach Commodity Space and Non-Ordered preferences", 39, pp.863~889 (2003)
  6. "“Equilibrium Theory with Possibly Satiated Preferences ” in Equilibrium and Dynamics Essays in Honor of David Gale edited by M. Majumdar", pp.201~213 (1992), Macmillan
  7. "and the Aggregation of Preference Patterns", ” eco 22(metrica), pp.1~13 (1954)
  8. "Classical General Equilibrium Theory" (2002), Cambridge: MIT University Press
  9. "Handbook of Mathematical Economics" (1982), North-Holland.
  10. "“Demand Theory without Transitivity Preference with Applications to the Theory of Competitive Equilibrium ” in Preferences" (1971)
  11. "“A Generalization of the Maximum Theorem", 20, pp.260~272 (1979)
  12. "Equilibrium Theory with Unbounded Consumption Sets and Non-Ordered Preferences: Part II, the Case of Satiation" (2005), Mimeo

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