CFDP 595

Approximate Equilibria with Bounds Independent of Preferences

Author(s): 

Publication Date: June 1981

Pages: 5

Abstract: 

We prove the existence of approximate equilibria in exchange economies, giving bounds on the excess demand in terms of the number of traders and norms of the endowments, but independent of the preferences.

Note: 

Published in Review of Economic Studies (July 1982), 49(3): 473-475 [jstor]