The set of regular equilibria
Article Abstract:
A study of the set of regular economic equilibria is presented. Earlier studies conclude that the set of regular economies is open dense. Results show that the set comes from an open dense subset of the equilibrium manifold. Evidence is applied to investigate the true algebraic character of critical equilibria which are part of the manifold. It is shown that an alternative of the Debreu theorem can be derived.
Publication Name: Journal of Economic Theory
Subject: Economics
ISSN: 0022-0531
Year: 1992
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Economies with a unique equilibrium: a simple proof of arc-connectedness in the two-agent case
Article Abstract:
An arc-connection exists in the two agent case concerning pure exchange economies with a unique equilibrium. It provides a complete solution to the problem of characterizing economies with a unique equilibrium when the arc-connected property is true. However, only the two-agent case has been proven. A new proof of the arc-connectedness property for two agents and two commodities is proposed.
Publication Name: Journal of Economic Theory
Subject: Economics
ISSN: 0022-0531
Year: 1995
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Economies with price-dependent preferences
Article Abstract:
When preferences are price-dependent, provided that the total resources are allowed to vary in the parameter space, the main properties of competitive equilibria that fall under the general heading of qualitative comparative statics remain true. Not much is known where individual preferences may depend on prices with the exception of existence.
Publication Name: Journal of Economic Theory
Subject: Economics
ISSN: 0022-0531
Year: 2003
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