Accession Number:

AD0630627

Title:

QUASI-EQUILIBRIA IN MARKETS WITH NON-CONVEX PREFERENCES.

Descriptive Note:

Technical rept.,

Corporate Author:

STANFORD UNIV CALIF INST FOR MATHEMATICAL STUDIES IN THE SOCIAL SCIENCES

Personal Author(s):

Report Date:

1966-03-28

Pagination or Media Count:

27.0

Abstract:

An upper bound is placed on social divergence from general equilibrium, due to non-convexity of the traders preference relations. Existence and significance of certain quasi-equilibria are investigated. If there is a sufficiently large number of traders in the market, the existence of a configuration arbitrarily close to equilibrium is demonstrated. Author

Subject Categories:

  • Economics and Cost Analysis
  • Numerical Mathematics

Distribution Statement:

APPROVED FOR PUBLIC RELEASE