Arrow-Hahn economic models with weakened conditions of continuity
Volume 71 / 2006
Banach Center Publications 71 (2006), 47-61
MSC: Primary 91B50; Secondary 26A15.
DOI: 10.4064/bc71-0-4
Abstract
In this article we give descriptions of some economic models that are based on Arrow-Hahn economic model. Finally we consider a model with two major assumptions: first, there is discontinuous excess demand function and, second, if price goes to zero, then it is possible that excess demand may approach infinity. For this last new economic model the existence of quasi-equilibrium is proved.
