Fixed Points and Market Equilibrium
by
Andris Liepins
University of Latvia
Coauthors: Baiba Kazaka

We consider Walras model of market economy and, in order to establish the existence of market equilibrium, discuss possible applications of a famous theorem due to Arrow-Debreu-Nikaido. It is proved that equilibrium exists when all the disposable goods are divided between consumers. But what's about the other situation?

Date received: June 24, 1996

Copyright © 1996 by the author(s). The author(s) of this document and the organizers of the conference have granted their consent to include this abstract in Atlas Mathematical Conference Abstracts. Document # caai-62.