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Direct perturbations of aggregate excess demand

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Author Info
Sofia B. S. D. Castro () (Centro de Matematica da Universidade do Porto - Faculdade de Economia)
Sami Dakhlia () (College of Business - University of Southern Mississipi)
Peter B. Gothen () (Centro de Matematica da Universidade do Porto - Faculdade de Ciências)

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Abstract

We establish that an exchange economy, i.e., preferences and endowments, that generates a giiven aggregate excess demand (AED) function is close to the economy generating the AED obtained by an arbitrary perturbation of the original one.

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File URL: ftp://mse.univ-paris1.fr/pub/mse/CES2008/B08045.pdf
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Publisher Info
Paper provided by Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne in its series Documents de travail du Centre d'Economie de la Sorbonne with number b08045.

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Length: 16 pages
Date of creation: Jul 2008
Date of revision:
Handle: RePEc:mse:cesdoc:b08045

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Web page: http://ces.univ-paris1.fr/
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Related research
Keywords: Arrow-Debreu; transversality; exchange economy.;

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Find related papers by JEL classification:
D50 - Microeconomics - - General Equilibrium and Disequilibrium - - - General
C62 - Mathematical and Quantitative Methods - - Mathematical Methods and Programming - - - Existence and Stability Conditions of Equilibrium
C02 - Mathematical and Quantitative Methods - - General - - - Mathematical Economics

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