大规模拟线性市场中的瓦尔拉斯均衡

Walrasian equilibrium in large, quasilinear markets

Theoretical Economics · 2013
被引 56
人大 AABS 4

中文导读

研究了具有不可分商品、连续代理人和拟线性效用的经济中,均衡的存在性,发现无论偏好性质如何均衡都存在,这与有限代理人经济不同。

Abstract

In an economy with indivisible goods, a continuum of agents and quasilinear utility, we show that equilibrium exists regardless of the nature of agents' preferences over bundles. This contrasts with results for economies with a finite number of agents, which require restrictions on preferences (such as substitutability) to guarantee existence. When the distribution of preferences has full support, equilibrium prices are unique.

瓦尔拉斯均衡拟线性效用不可分商品连续统经济