Accession Number : AD0630627

Title :   QUASI-EQUILIBRIA IN MARKETS WITH NON-CONVEX PREFERENCES.

Descriptive Note : Technical rept.,

Corporate Author : STANFORD UNIV CALIF INST FOR MATHEMATICAL STUDIES IN THE SOCIAL SCIENCES

Personal Author(s) : Starr,Ross M.

Report Date : 28 MAR 1966

Pagination or Media Count : 27

Abstract : An upper bound is placed on social divergence from general equilibrium, due to non-convexity of the traders' preference relations. Existence and significance of certain quasi-equilibria are investigated. If there is a sufficiently large number of traders in the market, the existence of a configuration arbitrarily close to equilibrium is demonstrated. (Author)

Descriptors :   (*MATHEMATICAL MODELS, *ECONOMICS), DECISION MAKING, BARGAINING, GAME THEORY

Subject Categories : Economics and Cost Analysis
      Numerical Mathematics

Distribution Statement : APPROVED FOR PUBLIC RELEASE