Economic Journal of Hokkaido University;Vol. 33

FONT SIZE:  S M L

On the Existence of Competitive Equilibrium in Classical Finite Economies without Survival Assumption : Resource Relatedness Case

Kubota, Hajime

Permalink : http://hdl.handle.net/2115/5389
KEYWORDS : Survival Conditon, Irreducibility, Resource Relatedness

Abstract

This paper shows that the theorem on the existence of competitive equilibrium in classical finite economies with ordered preferences but without individual survival is proved with using generalized notion of resource relatedness condition of Arrow-Hahn (1971) as well as with using irreducibility of McKenzie (1959, 1981). (JEL C62, D51)

FULL TEXT:PDF