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Approximation method and equilibria of abstract economies

Kok-Keong Tan, Xian-Zhi Yuan

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Source: Crossref

Published: Oct 1, 1994

DOI: 10.1090/s0002-9939-1994-1211591-2

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Source abstract

By applying an equilibrium existence theorem for a qualitative game due to Ding and Tan and by employing an "approximation" method used by Tulcea, we obtain an equilibrium existence theorem for an abstract economy (generalized game) in which the constraint correspondences are not assumed to have open graphs nor open lower sections (which are generally assumed in the literature). Our result generalizes the corresponding results of Shafer and Sonnenschein (1975), Borglin and Keiding (1976), Yannelis and Prabhakar (1983), Tulcea (1986), and Chang (1990) in several ways.

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