Unbounded exchange economies with satiation: How far can we go? (Q1030172): Difference between revisions

For unbounded exchange economies with satiation the authors start with an overview on assumptions for existence proofs of equilibria (or quasi-equilibria). Then they emphasize two papers with different very weak conditions w.r.t. (I): satiated preferences or (II): no-arbitrage conditions [\textit{N. Allouch} et al., Erratum to ``Walras and dividends equilibrium with possibly satiated consumers'', J. Math. Econ. 45, No. 3--4, 320--328 (2008; doi:10.1016/j.jmateco.2006.09.005); \textit{R. A. Dana} et al., J. Econ. Theory 87, No. 1, 169--193 (1999; Zbl 0941.91053)], and based on these ideas and adapted to (II) a new condition called strong compactness of the individually rational utility set is found, which is (together with (I)) sufficient for the existence of a quasi-equilibrium. A discussion of relations to known existence results follows and also an example, where the existence of an equilibrium follows from the results of this paper but not from any of the existence results proposed so far in the literature.