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The Existence of Maximal Elements and Equilibria in the Absence of Transitivity
Ted Bergstrom, University of California, Santa Barbara
This paper was never published. I think too many people were writing about existence of c.e. relative to the number who were reading about it.
ABSTRACT: This paper generalizes results of Ky Fan and Hugo Sonnenschein on the existence of maximal elements for non-transitive binary relations. It proves a generalization of Nash's theorem on the existence of non-cooperative equilibrium. It also shows that existence of competitive equilibrium can be proved as a consequence of the existence of a maximal element for an appropriately chosen binary relation.
SUGGESTED CITATION: Ted Bergstrom,
"The Existence of Maximal Elements and Equilibria in the Absence of Transitivity"
(August 10, 1975).
Department of Economics, UCSB.
Ted Bergstrom.
Paper 1975C.
http://repositories.cdlib.org/ucsbecon/bergstrom/1975C
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