Equilibrium with non-convex preferences: some insights
Computational Finance
2025-03-24 v1
Abstract
We study the existence of equilibrium when agents' preferences may not beconvex. For some specific utility functions, we provide a necessary and sufficientcondition under which there exists an equilibrium. The standard approach cannot be directly applied to our examples because the demand correspondence of some agents is neither single-valued nor convex-valued.
Cite
@article{arxiv.2503.16890,
title = {Equilibrium with non-convex preferences: some insights},
author = {Cuong Le Van and Ngoc-Sang Pham},
journal= {arXiv preprint arXiv:2503.16890},
year = {2025}
}