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Open core and quasi-equilibria with lower semi-continuous preferences

Author

Listed:
  • Ning Sun

    (Doctoral Program in Policy and Planning Sciences, University of Tsukuba, Tsukuba, Ibaraki 305, JAPAN)

Abstract

This note introduces a new concept of core - open core, using which it shows a quasi-equilibrium existence result in an economy where consumers' preference relations are assumed to be lower semi-continuous, but not necessarily to have open lower sections nor to be open valued, such as the lexicographic ordering. As an application, a competitive equilibrium existence result without non-satiation assumption is proved.

Suggested Citation

  • Ning Sun, 1999. "Open core and quasi-equilibria with lower semi-continuous preferences," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 13(3), pages 735-742.
    • Handle: RePEc:spr:joecth:v:13:y:1999:i:3:p:735-742
    Note: Received: October 28, 1996; revised version: November 4, 1997
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    Citations

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    Cited by:

    1. Norihisa Sato, 2008. "Some sufficient conditions for the existence of a competitive equilibrium in economies with satiated consumers," Economics Bulletin, AccessEcon, vol. 3(73), pages 1-8.
    2. repec:ebl:ecbull:v:3:y:2008:i:73:p:1-8 is not listed on IDEAS
    3. Nicola Acocella & Giovanni Di Bartolomeo, 2010. "Conflict of interest and coordination in public good provision," Politica economica, Società editrice il Mulino, issue 3, pages 389-408.
    4. Sun, Ning, 2006. "Bewley's limiting approach to infinite dimensional economies with l.s.c. preferences," Economics Letters, Elsevier, vol. 92(1), pages 7-13, July.

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