Utility-refined and budget-refined e-competitive equilibria

Tasnádi, Attila ORCID: https://orcid.org/0000-0003-3252-4223 (2022) Utility-refined and budget-refined e-competitive equilibria. Economics Letters, 212 . DOI https://doi.org/10.1016/j.econlet.2022.110278

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Official URL: https://doi.org/10.1016/j.econlet.2022.110278

Abstract

In finitely additive exchange economies the usual definition of competitive equilibrium can result in an empty equilibrium set, and therefore one has to consider notions of ε-competitive equilibria. In this paper we investigate the relationship between two notions of ε-competitive equilibria.

Item Type:

Article

Uncontrolled Keywords:

competitive equilibrium, approximate equilibrium, exchange economies

Divisions:

Institute of Data Analytics and Information Systems

Subjects:

Mathematics, Econometrics

DOI:

https://doi.org/10.1016/j.econlet.2022.110278

ID Code:

8102