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Paradoxe global des transferts et multiplicité des équilibres : deux résultats

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  • Alain Trannoy

Abstract

We prove two results for exchange economies with / goods, n individuals without any differentiability assumption: 1. the multiplicity of equilibria for at least one initial allocation is a necessary condition for the existence of the global transfer paradox; 2. the multiplicity of equilibria for at least one initial allocation is a sufficient condition for the existence of the global transfer paradox.

Suggested Citation

  • Alain Trannoy, 1986. "Paradoxe global des transferts et multiplicité des équilibres : deux résultats," Annals of Economics and Statistics, GENES, issue 4, pages 53-61.
    • Handle: RePEc:adr:anecst:y:1986:i:4:p:53-61
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