A Further Generalization of the Gale-Nikaido-Kuhn-Debreu Market Equilibrium Theorem

We extend the important generalizations by Yannelis [25] and Cornet et al [7] of the classical result of Gale, Nikaido, Kuhn and Debreu (the "GNKD theorem") regarding existence of market equilibrium, by broadening the applicability of their results, which apply only to economies with commodity space that can be modeled by a locally convex Hausdorff space, to the wider class of economies with commodity spaces describable by any Hausdorff topological vector space with nontrivial continuous dual.

Publication Details

Journal
arXiv (Cornell University)
Published
2025-07-23
Primary Topic
Economic theories and models
Type
article
Field-Weighted Citation Impact
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article

A Further Generalization of the Gale-Nikaido-Kuhn-Debreu Market Equilibrium Theorem

arXiv (Cornell University)
Economic theories and models
article

A Further Generalization of the Gale-Nikaido-Kuhn-Debreu Market Equilibrium Theorem

article en

Abstract

We extend the important generalizations by Yannelis [25] and Cornet et al [7] of the classical result of Gale, Nikaido, Kuhn and Debreu (the "GNKD theorem") regarding existence of market equilibrium, by broadening the applicability of their results, which apply only to economies with commodity space that can be modeled by a locally convex Hausdorff space, to the wider class of economies with commodity spaces describable by any Hausdorff topological vector space with nontrivial continuous dual.

arXiv (Cornell University)
Decent work and economic growth
Openalex Percentile: Top 40%
Economic theories and models
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A Further Generalization of the Gale-Nikaido-Kuhn-Debreu Market Equilibrium Theorem · arXiv (Cornell University) (2025) | TGRS Research Map | TGRS