Walras equilibrium in multiregional economic systems

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Abstract

In the paper, existence and coalitional stability problems for Walras equilibrium in the models of multiregional economic systems are considered. Here, we continue investigations on extremal characterization of equilibrium allocations in non-classic market being a modification of the well-known Arrow-Debreu model. It is shown that strict autarchy and non-satiation conditions guarantee coincidence of fuzzy core and Valras plans of the economies under consideration. By combining this coincidence result and conditions providing nonemptyness of the fuzzy core in multiregional systems we obtain a new equilibrium existence theorem without technological boundedness assumption.

Original languageEnglish
Title of host publicationProceedings - 2017 International Multi-Conference on Engineering, Computer and Information Sciences, SIBIRCON 2017
PublisherInstitute of Electrical and Electronics Engineers Inc.
Pages176-181
Number of pages6
ISBN (Electronic)9781538615966
DOIs
Publication statusPublished - 14 Nov 2017
Event2017 International Multi-Conference on Engineering, Computer and Information Sciences, SIBIRCON 2017 - Novosibirsk, Russian Federation
Duration: 18 Sep 201722 Sep 2017

Conference

Conference2017 International Multi-Conference on Engineering, Computer and Information Sciences, SIBIRCON 2017
CountryRussian Federation
CityNovosibirsk
Period18.09.201722.09.2017

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