Saved in:
| Main Author: | |
|---|---|
| Format: | Preprint |
| Published: |
2023
|
| Subjects: | |
| Online Access: | https://arxiv.org/abs/2309.03784 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1866909217821032448 |
|---|---|
| author | Pulgarín, Antonio |
| author_facet | Pulgarín, Antonio |
| contents | In our previous paper we proved that every affine economy has a competitive equilibrium. We define a simplex economy as an affine economy consisting of a stochastic allocation (defining the initial endowments) and a variation with repetition of the number of commodities taking the number of consumers (representing the preferences). We show that a competitive equilibrium can be intrinsically computed in any minimal simplex economy. |
| format | Preprint |
| id |
arxiv_https___arxiv_org_abs_2309_03784 |
| institution | arXiv |
| publishDate | 2023 |
| record_format | arxiv |
| spellingShingle | On the minimal simplex economy Pulgarín, Antonio Theoretical Economics 91B50 In our previous paper we proved that every affine economy has a competitive equilibrium. We define a simplex economy as an affine economy consisting of a stochastic allocation (defining the initial endowments) and a variation with repetition of the number of commodities taking the number of consumers (representing the preferences). We show that a competitive equilibrium can be intrinsically computed in any minimal simplex economy. |
| title | On the minimal simplex economy |
| topic | Theoretical Economics 91B50 |
| url | https://arxiv.org/abs/2309.03784 |