A pure exchange, general equilibrium model is considered and the equilibrium set is studied. It is shown for all total endowments and an open and dense set of preferences that if there arel2 commodities andm2 consumers then there exists a set of distributions of endowments with nonempty interior such that the associated economies have at leastl-1+min{l, m} equilibria forl+min{l, m} even and at leastl-2+min{l, m} equilibria forl+min{l, m} odd.
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Paper provided by University of Copenhagen. Department of Economics in its series Discussion Papers with number
96-17.
Length: 15 pages Date of creation: Dec 1996 Date of revision: Publication status: Published in: Journal of Economic Theory, 1997, 75(1) pp 1-15 Handle: RePEc:kud:kuiedp:9617
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Christian Ghiglino & Mich Tvede, .
""Multiplicity of Equilibria'',"
CARESS Working Papres
96-01, University of Pennsylvania Center for Analytic Research and Economics in the Social Sciences.
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Find related papers by JEL classification: D51 - Microeconomics - - General Equilibrium and Disequilibrium - - - Exchange and Production Economies
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