A Calculus Approach to the Existence of Market Equilibria in a Distribution Economy
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Research & Publications
A Calculus Approach to the Existence of Market Equilibria in a Distribution Economy
01/05/1993
A Calculus Approach to the Existence of Market Equilibria in a Distribution Economy
Lahiri Somdeb
Working Papers & Projects
In this paper we prove the existence of market equilibria in distribution economies, without using any fixed-point theorems. Our method makes essential use of theorems in advanced calculus to establish the desired result.