QUASI-EQUILIBRIA IN MARKETS WITH NON-CONVEX PREFERENCES.
STANFORD UNIV CALIF INST FOR MATHEMATICAL STUDIES IN THE SOCIAL SCIENCES
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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
- Economics and Cost Analysis
- Numerical Mathematics