Equilibrium with non-convex preferences: some insights

Fuente: arXiv
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Autori principali: Van, Cuong Le, Pham, Ngoc-Sang
Natura: Preprint
Pubblicazione: 2025
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author Van, Cuong Le
Pham, Ngoc-Sang
author_facet Van, Cuong Le
Pham, Ngoc-Sang
contents We study the existence of equilibrium when agents' preferences may not beconvex. For some specific utility functions, we provide a necessary and sufficientcondition under which there exists an equilibrium. The standard approach cannot be directly applied to our examples because the demand correspondence of some agents is neither single-valued nor convex-valued.
format Preprint
id arxiv_https___arxiv_org_abs_2503_16890
institution arXiv
publishDate 2025
record_format arxiv
spellingShingle Equilibrium with non-convex preferences: some insights
Van, Cuong Le
Pham, Ngoc-Sang
Computational Finance
We study the existence of equilibrium when agents' preferences may not beconvex. For some specific utility functions, we provide a necessary and sufficientcondition under which there exists an equilibrium. The standard approach cannot be directly applied to our examples because the demand correspondence of some agents is neither single-valued nor convex-valued.
title Equilibrium with non-convex preferences: some insights
topic Computational Finance
url https://arxiv.org/abs/2503.16890