Assuming that the consumers' preference relations i are non satiated and strictly convex, show that the aggregate

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Assuming that the consumers' preference relations ≿i are non satiated and strictly convex, show that the aggregate excess demand function z(p) satisfies Walras's law
pT z(p) = 0 for every p

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Foundations of Mathematical Economics

ISBN: 978-0262531924

1st edition

Authors: Michael Carter

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Question Posted: May 02, 2016 11:36 AM

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Assuming that the consumers' preference relations i are non satiated and strictly convex, show that the aggregate

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and therefore Since preferences are non satiated and ...View the full answer

Foundations of Mathematical Economics

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