In an economy with indivisible goods, a continuum of agents, and quasilinear utility, we show that equilibrium exists regardless of the nature of agents’ preferences over bundles. This contrasts with results for economies with a finite number of agents, which require restrictions on preferences (such as substitutability) to guarantee existence. When the distribution of preferences has full support, equilibrium prices are unique.
CITATION STYLE
Azevedo, E. M., Weyl, E. G., & White, A. (2013). Walrasian equilibrium in large, quasilinear markets. Theoretical Economics, 8(2), 281–290. https://doi.org/10.3982/te1060
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