A note on economic equilibrium with nonsatiated utility functions

Volume 40 / 2013

Magdalena Nockowska-Rosiak Applicationes Mathematicae 40 (2013), 117-126 MSC: Primary 91B50; Secondary 65K10. DOI: 10.4064/am40-1-8

Abstract

The purpose of this paper is to prove the existence of a Walrasian equilibrium for the Arrow–Debreu and Arrow–Debreu–McKenzie models with positive price vector with nonsatiated utility functions of consumers by using variational inequalities. Moreover, the same technique is used to give an alternative proof of the existence of a Walrasian equilibrium for the Arrow–Debreu and Arrow–Debreu–McKenzie models with nonnegative, nonzero price vector with nonsatiated utility functions.

Authors

  • Magdalena Nockowska-RosiakInstitute of Mathematics
    Technical University of Łódź
    Wólczańska 215
    90-924 Łódź, Poland
    e-mail

Search for IMPAN publications

Query phrase too short. Type at least 4 characters.

Rewrite code from the image

Reload image

Reload image