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Norihisa Sato
 
''Some sufficient conditions for the existence of a competitive equilibrium in economies with satiated consumers''
( 2008, Vol. 3 No.73 )
 
 
It is well known that a competitive equilibrium may fail to exist when consumers' preferences are possibly satiated. In this paper, we provide three new sufficient conditions for the existence of a competitive equilibrium in the standard Arrow-Debreu pure exchange economy with satiated consumers. We first consider a condition that restricts the behavior of the excess demand correspondence on the boundary of a certain subset of the price domain. Another two sufficient conditions are obtained by using the existence result under this condition.
 
 
Keywords: satiation
JEL: C6 - Mathematical Methods and Programming: General
D5 - General Equilibrium and Disequilibrium: General
 
Manuscript Received : Oct 02 2008 Manuscript Accepted : Nov 04 2008

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