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Some consequences of the unknottedness of the Walras correspondence

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  • DEMICHELIS, Stefano

    (Dipartimento di Matematica, Universita degli Studi di Pavia, 27100 Pavia, Italy)

  • GERMANO, Fabrizio

    (Center for Operations Research and Econometrics (CORE), Université catholique de Louvain (UCL), Louvain la Neuve, Belgium)

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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File URL: http://alfresco.uclouvain.be/alfresco/download/attach/workspace/SpacesStore/e4a45235-814e-4723-9792-1b3512543d80/coredp_1999_45.pdf
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Bibliographic Info

Paper provided by Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) in its series CORE Discussion Papers with number 1999045.

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Date of creation: 11 Aug 1999
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Handle: RePEc:cor:louvco:1999045

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  1. Dierker, Egbert, 1972. "Two Remarks on the Number of Equilibria of an Economy," Econometrica, Econometric Society, vol. 40(5), pages 951-53, September.
  2. Mas-Colell,Andreu, 1985. "The Theory of General Economic Equilibrium," Cambridge Books, Cambridge University Press, number 9780521265140, December.
  3. Balasko, Yves, 1975. "Some results on uniqueness and on stability of equilibrium in general equilibrium theory," Journal of Mathematical Economics, Elsevier, vol. 2(2), pages 95-118.
  4. Schecter, Stephen, 1979. "On the structure of the equilibrium manifold," Journal of Mathematical Economics, Elsevier, vol. 6(1), pages 1-5, March.
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Cited by:
  1. Predtetchinski, Arkadi, 2009. "A general structure theorem for the Nash equilibrium correspondence," Games and Economic Behavior, Elsevier, vol. 66(2), pages 950-958, July.
  2. Demichelis, Stefano & Germano, Fabrizio, 2002. "On (un)knots and dynamics in games," Games and Economic Behavior, Elsevier, vol. 41(1), pages 46-60, October.
  3. Raymond Wladimir & Mohnen, Pierre & Palm, Franz & Schim, van der Loeff, Sybrand, 2006. "Persistence of Innovation in Dutch Manufacturing: Is it Spurious?," Research Memorandum 009, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
  4. Predtetchinski,Arkadi, 2004. "A General Structure Theorem for the Nash Equilibrium Correspondence," Research Memorandum 023, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).

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