How to discard non-sanitation and free-disposal with paper money

Article Abstract:

A solution to the non-existence of competitive equilibria in an economy where satiation is possible is presented. Based on an economic situation with many agents and where paper money is one of the commodities without transaction costs, it is concluded that competitive equilibrium may exist by using money as a net positive supply even if preferences may be satiated when the agents are permitted to select a consumption set within a given budget.

Models, Economic aspects, Money, Consumption (Economics)

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A note on the decomposition (at a point) of aggregate excess demand on the Grassmannian

Article Abstract:

The characteristics of aggregate excess demand functions for economies having an arbitrary finite set of N commodities.

Usage, Set theory, Decomposition (Mathematics)

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A note on the regularity of competitive equilibria and asset structures

Article Abstract:

The development of an equilibrium model is discussed.

Tests, problems and exercises

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