We show how to approximate, in the sense of continuous convergence, a quasiconcave function with a sequence of semistrictly quasiconcave functions. This allows extend-ing former existence results of equilibria for pure exchange economies when the preferences of the agents allow for local points of satiation, and existence results of free disposal equilibria for economies with production.
Semistrictly quasiconcave approximation and an application to general equilibrium theory
MILASI, Monica
2015-01-01
Abstract
We show how to approximate, in the sense of continuous convergence, a quasiconcave function with a sequence of semistrictly quasiconcave functions. This allows extend-ing former existence results of equilibria for pure exchange economies when the preferences of the agents allow for local points of satiation, and existence results of free disposal equilibria for economies with production.File in questo prodotto:
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