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JOURNALS // Uchenye Zapiski Kazanskogo Universiteta. Seriya Fiziko-Matematicheskie Nauki // Archive

Uchenye Zapiski Kazanskogo Universiteta. Seriya Fiziko-Matematicheskie Nauki, 2011 Volume 153, Book 1, Pages 240–248 (Mi uzku920)

This article is cited in 1 paper

On the existence of equilibrium in an exchange economy with one class of non-convex preferences of consumers

M. O. Gavrilova, M. A. Sevodin

Perm State Technical University

Abstract: The paper focuses on the study of exchange economy models. It deals with situations that, unlike classical cases, allow for violations of the convexity of preference relations of consumers of a certain type. The properties of some characteristics of the economies under study are determined. Proofs of the existence of equilibrium prices and equilibrium distribution of goods are given.

Keywords: exchange economy, preference relation, convexity, equilibrium.

UDC: 519.86

Received: 25.10.2010



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