Equilibrium With Non‐Convex Preferences: Some Insights
ABSTRACT We study the existence of equilibrium when agents' preferences may not be convex. For some specific utility functions, we provide a necessary and sufficient condition under which there exists an equilibrium. The standard approach cannot be directly applied to our examples because the demand correspondence of some agents is neither single‐valued nor convex‐valued.
Authors
- Ngoc‐Sang Pham (ORCID: https://orcid.org/0000-0001-9037-3019)
Institutions
- Thang Long University (VN)
Publication Details
- Journal
- Bulletin of Economic Research
- Published
- 2025-11-25
- DOI
- https://doi.org/10.1111/boer.70024
- Primary Topic
- Economic theories and models
- Type
- article
- Field-Weighted Citation Impact
- 0.00