Equilibrium uniqueness with perfect complements
We study a model in which each of finitely many agent cares about a given subset of finitely many goods. We provide minimal conditions that ensure the existence and uniqueness of the equilibrium price vector - a price vector for which supply meets demand. Copyright Springer-Verlag Berlin/Heidelberg 2006
Volume (Year): 28 (2006)
Issue (Month): 3 (08)
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- Jun Iritani, 1981. "On Uniqueness of General Equilibrium," Review of Economic Studies, Oxford University Press, vol. 48(1), pages 167-171.
- Xavier Vives, 1987. "Small Income Effects: A Marshallian Theory of Consumer Surplus and Downward Sloping Demand," Review of Economic Studies, Oxford University Press, vol. 54(1), pages 87-103.
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