• Journal of the Korean Mathematical Society
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• v.33 no.1
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• pp.25-29
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• 1996

The Debreu-Gale-Nikaido theorem [2] is a potential tool to prove the existence of a market equilibrium price. Walras' law is of a quantitative nature (i.e. it measures the value of the total excess demand), and it is interesting to note that the existence result holds true under some qualitative assumptions. In fact, the Debreu-Gale-Nikaido theorem states that the continuity of the excess demand function and Walras' law has the following implication : For some price and corresponding value of the excess demand function, it is not possible to respond with a new price system such that the value at the new price of every element in the value of the demand function associated with the old price system is strictly positive.

• Journal of the Korean Mathematical Society
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• v.34 no.3
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• pp.719-730
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• 1997

From a minimax inequality related to admissible multimaps, we deduce generalized versions of lopsided saddle point theorems, fixed point theorems, existence of maximizable linear functionals, the Walras excess demand theorem, and the Gale-Nikaido-Debreu theorem.

• Journal of the Chungcheong Mathematical Society
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• v.7 no.1
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• pp.47-51
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• 1994

The purpose of this note is to give a new selection theorem which is an essential tool for proving the new kind of existence theorem of the equilibrium price comparable to the Debreu-Gale-Nikaido theorem.