Cover Image
QR Code

THE LOCAL UNIQUENESS OF EQUILIBRIA.

We shall present an alternative proof of C. Debreu's theorem on the finiteness of the set of equilibria [1], and some related new results. The set of economies with finitely many equilibria is dense with respect to a very weak topology on the set of exchange economies. The equilibrium correspondence...

Full description

Published in:Econometrica Vol. 40; no. 5; pp. 867 - 882
Main Authors: Dierker, Egbert, Dierker, Hildegard
Format: Article
Published: Wiley-Blackwell Sep72
Subjects:
Economic equilibrium
Economies of scale
Demand function
Economic demand
Mathematical models of economics
Mathematical economics
Topology
Econometrics
Online Access:View this record in EBSCOhost

Internet

View this record in EBSCOhost