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.
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