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Department of Economics, UCSB
University of California, Santa Barbara

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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.

Download the Paper (467 K, PDF file) - August 10, 1975 Tell a colleague about it.
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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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