General Equilibrium Analysis 2003
DOI: 10.1007/978-1-4757-5315-8_4
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Optimality Properties of Equilibrium

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“…Then, by using this social equilibrium existence theorem, Arrow and Debreu [2] proved the existence of a general equilibrium for a competitive economy with productions. See Debreu [12] and Florenzano [16] for excellent treatments of the existence of equilibrium. See also Duppe and Weintraub [13], Khan [25] for discussions about the history of the general equilibrium theory.…”
Section: Introductionmentioning
confidence: 99%
“…Then, by using this social equilibrium existence theorem, Arrow and Debreu [2] proved the existence of a general equilibrium for a competitive economy with productions. See Debreu [12] and Florenzano [16] for excellent treatments of the existence of equilibrium. See also Duppe and Weintraub [13], Khan [25] for discussions about the history of the general equilibrium theory.…”
Section: Introductionmentioning
confidence: 99%
“…Yet, for a number of (new) economic and game-theoretic problems these tools appeared insufficent and Ky Fan's coincidence theorem (1972), a more powerful theorem, has to be invoked; see for example Ichiishi (1983), Vohra (1991), Yang (2001), and Florenzano (2003). For many problems, one may not be contented just to know the existence of a solution, but one would like to pinpoint where a solution is located in order to evaluate and analyse the performance of the underlying model, or to appraise the effects of policy, or technical parameter changes in the model.…”
Section: Introductionmentioning
confidence: 99%