Walras Equilibria : Finiteness and Local Stability
We study a class of exchange economies where the characteristics of the agent are fixed but the initial endowments. We define a notion of regular economies which encompasses the different approach of the literature. We then prove that a regular exchange economy has a finite odd number of normalized equilibrium price if the excess demand function satisfies a boundary condition. Then we study the set of regular economies and we prove that it is generic and open under usual assumptions.
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|Date of creation:||2000|
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