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Chiaki Hara
''An equilibrium existence theorem for atomless economies without the monotonicity assumption''
( 2006, Vol. 4 No.34 )
We consider an exchange economy with an atomless space of consumers whose preference relations need not be monotone. We prove that if for every commodity, there is a group of consumers who regard it as potentially desirable, in a sense to be made precise, then there exists a competitive equilibrium, however small the proportion of such a group may be in the entire economy.
JEL: D5 - General Equilibrium and Disequilibrium: General
C6 - Mathematical Methods and Programming: General
Manuscript Received : Sep 02 2006 Manuscript Accepted : Oct 16 2006

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