A note on economic equilibrium with nonsatiated utility functions
Volume 40 / 2013
Applicationes Mathematicae 40 (2013), 117-126
MSC: Primary 91B50; Secondary 65K10.
DOI: 10.4064/am40-1-8
Abstract
The purpose of this paper is to prove the existence of a Walrasian equilibrium for the Arrow–Debreu and Arrow–Debreu–McKenzie models with positive price vector with nonsatiated utility functions of consumers by using variational inequalities. Moreover, the same technique is used to give an alternative proof of the existence of a Walrasian equilibrium for the Arrow–Debreu and Arrow–Debreu–McKenzie models with nonnegative, nonzero price vector with nonsatiated utility functions.
