Sorry this might be a little too rudimentary for you, but I'm not an Econ background. When I was doing exercises for MGW chapter 17 "Positive Existence of Equilibrium" I came across the following statement
The consumers preferences are strictly convex, this implies that there is no equilibrium in the overall economy generated by replication.
What doe equilibrium generated by replication mean? I couldn't find it in the text.
Thanks in advance.