English

On the minimal simplex economy

Theoretical Economics 2024-06-07 v3

Abstract

In our previous paper we proved that every affine economy has a competitive equilibrium. We define a simplex economy as an affine economy consisting of a stochastic allocation (defining the initial endowments) and a variation with repetition of the number of commodities taking the number of consumers (representing the preferences). We show that a competitive equilibrium can be intrinsically computed in any minimal simplex economy.

Keywords

Cite

@article{arxiv.2309.03784,
  title  = {On the minimal simplex economy},
  author = {Antonio Pulgarín},
  journal= {arXiv preprint arXiv:2309.03784},
  year   = {2024}
}

Comments

12 pages, 2 figures

R2 v1 2026-06-28T12:15:24.659Z