Maćkowiak, Piotr (2010): The existence of equilibrium without fixedpoint arguments. Published in: The existence of equilibrium without fixedpoint arguments , Vol. 46, No. 6 (2010): pp. 11941199.

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Abstract
This paper gives a proof of the existence of general equilibrium without the use of a fixed point theorem. Unlike other results of this type, the conditions we use do not imply that the set of equilibrium prices is convex. We use an assumption on the excess demand correspondence that is related to, but weaker than, the weak axiom of revealed preference (WARP). The proof is carried out for compact and convex valued upper hemicontinuous excess demand correspondences satisfying this WARPrelated condition and some other standard conditions. We also provide an algorithm for finding equilibrium prices.
Item Type:  MPRA Paper 

Original Title:  The existence of equilibrium without fixedpoint arguments 
Language:  English 
Keywords:  existence of economic equilibrium; the weak axiom of revealed preference; excess demand correspondence; distribution economies; law of demand 
Subjects:  D  Microeconomics > D5  General Equilibrium and Disequilibrium > D50  General C  Mathematical and Quantitative Methods > C6  Mathematical Methods ; Programming Models ; Mathematical and Simulation Modeling > C62  Existence and Stability Conditions of Equilibrium 
Item ID:  42044 
Depositing User:  Piotr Maćkowiak 
Date Deposited:  18. Oct 2012 14:57 
Last Modified:  22. Feb 2013 02:41 
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URI:  https://mpra.ub.unimuenchen.de/id/eprint/42044 