Year: 2025
Type: article
Abstract: ABSTRACT We study the existence of equilibrium when agents' preferences may not be convex. For some specific utility functions, we provide a necessary and sufficient condition under which there exists an equilibrium. The standard approach cannot be directly applied to our examples because the demand correspondence of some agents is neither single‐valued nor convex‐valued.
Source: Bulletin of Economic Research
DOI: 10.1111/boer.70024
Authors: Cuong Le Van, Ngoc‐Sang Pham
Institutions: Paris School of Economics, EM Normandie Business School
Language: English
Topic: Economic theories and models
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: bronze
OpenAlex ID: W4416730394