Direct perturbations of aggregate excess demand
AbstractWe 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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Bibliographic InfoPaper 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.
Length: 16 pages
Date of creation: Jul 2008
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Arrow-Debreu; transversality; exchange economy.;
Other versions of this item:
- D50 - Microeconomics - - General Equilibrium and Disequilibrium - - - General
- C62 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Existence and Stability Conditions of Equilibrium
- C02 - Mathematical and Quantitative Methods - - General - - - Mathematical Economics
This paper has been announced in the following NEP Reports:
- NEP-ALL-2008-11-25 (All new papers)
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- HILDENBRAND, Werner & MERTENS, Jean-François, .
"Upper hemi-continuity of the equilibrium set correspondence for pure exchange economies,"
CORE Discussion Papers RP
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