IDEAS home Printed from https://ideas.repec.org/a/spr/joecth/v26y2005i1p217-225.html
   My bibliography  Save this article

On the characterization of excess demand functions

Author

Listed:
  • Marwan Aloqeili

Abstract

In this paper, we give the necessary and sufficient conditions that characterize the individual excess demand function when it depends smoothly on prices and endowments. A given function is an excess demand function if and only if it satisfies, in addition to Walras’ law and zero homogeneity in prices, a set of first order partial differential equations, its substitution matrix is symmetric and negative semidefinite. Moreover, we show that these conditions are equivalent to the symmetry and negative semidefiniteness of Slutsky matrix, Walras’ law and zero homogeneity of Marshallian demand functions. Copyright Springer-Verlag Berlin/Heidelberg 2005

Suggested Citation

  • Marwan Aloqeili, 2005. "On the characterization of excess demand functions," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 26(1), pages 217-225, July.
    • Handle: RePEc:spr:joecth:v:26:y:2005:i:1:p:217-225
    DOI: 10.1007/s00199-004-0507-3
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1007/s00199-004-0507-3
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1007/s00199-004-0507-3?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Marwan Aloqeili, 2020. "The characterization of demand and excess demand functions, revisited," Decisions in Economics and Finance, Springer;Associazione per la Matematica, vol. 43(2), pages 691-707, December.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:joecth:v:26:y:2005:i:1:p:217-225. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.