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I was proud of this paper when I wrote it. It had some new tricks and, I thought, the best existing proof of the existence of competitive equilibrium. I sent it to a journal and the referees didn't share my enthusiasm. They did, however, like my trick for disposing of free disposal. I published that part of the story in a later paper called "How to Dispense with Free Disposability (At No Cost).

Download the Paper (765 K, PDF file) - December 15, 1973 Tell a colleague about it. Printing Tips: Select 'print as image' in the Acrobat print dialog if you have trouble printing.

ABSTRACT:
This paper shows how to relax several of the standard assumptions used to prove the existence of competitive equilibrium.

SUGGESTED CITATION:
Ted Bergstrom, "Competitive Equilibrium Without Transitivity, Monotonicity, or Free Disposal" (December 15, 1973). Department of Economics, UCSB. Ted Bergstrom. Paper 1973D.
http://repositories.cdlib.org/ucsbecon/bergstrom/1973D