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Some consequences of the unknottedness of the Walras correspondence

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  • DeMichelis, Stefano
  • Germano, Fabrizio

Abstract

Two basic properties concerning the dynamic behavior of competitive equilibria of exchange economies with complete markets are derived essentially from the fact that the Walras correspondence has no knots.

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Bibliographic Info

Article provided by Elsevier in its journal Journal of Mathematical Economics.

Volume (Year): 34 (2000)
Issue (Month): 4 (December)
Pages: 537-545

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Handle: RePEc:eee:mateco:v:34:y:2000:i:4:p:537-545

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Web page: http://www.elsevier.com/locate/jmateco

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  1. Dierker, Egbert, 1972. "Two Remarks on the Number of Equilibria of an Economy," Econometrica, Econometric Society, Econometric Society, vol. 40(5), pages 951-53, September.
  2. Balasko, Yves, 1975. "Some results on uniqueness and on stability of equilibrium in general equilibrium theory," Journal of Mathematical Economics, Elsevier, Elsevier, vol. 2(2), pages 95-118.
  3. Mas-Colell,Andreu, 1985. "The Theory of General Economic Equilibrium," Cambridge Books, Cambridge University Press, Cambridge University Press, number 9780521265140.
  4. Schecter, Stephen, 1979. "On the structure of the equilibrium manifold," Journal of Mathematical Economics, Elsevier, Elsevier, vol. 6(1), pages 1-5, March.
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Cited by:
  1. Demichelis, Stefano & Germano, Fabrizio, 2002. "On (un)knots and dynamics in games," Games and Economic Behavior, Elsevier, Elsevier, vol. 41(1), pages 46-60, October.
  2. Predtetchinski,Arkadi, 2004. "A General Structure Theorem for the Nash Equilibrium Correspondence," Research Memorandum, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR) 023, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).

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