{"id":167459,"date":"2013-05-01T00:00:00","date_gmt":"2013-05-01T00:00:00","guid":{"rendered":"https:\/\/cm-edgetun.pages.dev\/en-us\/research\/msr-research-item\/walrasian-equilibrium-in-large-quasi-linear-markets\/"},"modified":"2018-10-16T20:49:35","modified_gmt":"2018-10-17T03:49:35","slug":"walrasian-equilibrium-in-large-quasi-linear-markets","status":"publish","type":"msr-research-item","link":"https:\/\/cm-edgetun.pages.dev\/en-us\/research\/publication\/walrasian-equilibrium-in-large-quasi-linear-markets\/","title":{"rendered":"Walrasian equilibrium in large, quasi-linear markets"},"content":{"rendered":"<div class=\"asset-content\">\n<p>In an economy with indivisible goods, a continuum of agents and quasilinear utility, we show that equilibrium exists regardless of the nature of agents&#8217; preferences over bundles. This contrasts with results for economies with a finite number of agents, which require restrictions on preferences (such as substitutability) to guarantee existence. When the distribution of preferences has full support, equilibrium prices are unique.<\/p>\n<\/div>\n<p><!-- .asset-content --><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In an economy with indivisible goods, a continuum of agents and quasilinear utility, we show that equilibrium exists regardless of the nature of agents&#8217; preferences over bundles. This contrasts with results for economies with a finite number of agents, which require restrictions on preferences (such as substitutability) to guarantee existence. When the distribution of preferences [&hellip;]<\/p>\n","protected":false},"featured_media":0,"template":"","meta":{"msr-url-field":"","msr-podcast-episode":"","msrModifiedDate":"","msrModifiedDateEnabled":false,"ep_exclude_from_search":false,"_classifai_error":"","msr-author-ordering":null,"msr_publishername":"Econometric Society","msr_publisher_other":"","msr_booktitle":"","msr_chapter":"","msr_edition":"Theoretical Economics","msr_editors":"","msr_how_published":"","msr_isbn":"","msr_issue":"","msr_journal":"Theoretical Economics","msr_number":"","msr_organization":"","msr_pages_string":"","msr_page_range_start":"","msr_page_range_end":"","msr_series":"","msr_volume":"","msr_copyright":"","msr_conference_name":"","msr_doi":"","msr_arxiv_id":"","msr_s2_paper_id":"","msr_mag_id":"","msr_pubmed_id":"","msr_other_authors":"Eduardo Azevedo, E. 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