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Equilibria in Large Models of Household Economy – a Special Case Study

Author

Listed:
  • Maria Ekes

    (Szkoła Główna Handlowa w Warszawie)

Abstract

The paper concerns an analysis of equilibria in a model of household economy with infinitely many agents classified into a finite number of types. In general we know that, assuming continuity of demand, an equilibrium of such a model exists. We are not able to state in general whether equilibrium is unique or what are its properties. We analyze here a special case of the model for which we are able to describe all equilibria and its characteristics.

Suggested Citation

  • Maria Ekes, 2010. "Equilibria in Large Models of Household Economy – a Special Case Study," Collegium of Economic Analysis Annals, Warsaw School of Economics, Collegium of Economic Analysis, issue 22, pages 149-161.
    • Handle: RePEc:sgh:annals:i:22:y:2010:p:149-161
    as

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