EXISTENCE OF EQUILIBRIUM: SUFFICIENT CONDITIONS

William Bryant

Chapter 2 in General Equilibrium:Theory and Evidence, 2009, pp 19-72 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThe following sections are included:IntroductionBasic ideas, definitions and views about existenceIs equilibrium likely?Sufficient conditions for the existence of equilibriumInterior endowments and ‘survival without trade’Why the need for such an unreasonable condition?The quasi-equilibrium approachDesirable commodities and productive labourAugmented aggregate productionIrreducibility and group survival with tradeResource relatednessProductive consumersIrreducibilityConnected graph conditionsC and C′-irreducibilityOligarchy and self-sufficiencyIndependence and interdependenceIndecomposable economiesConclusion

Keywords: General Equilibrium; Existence; Uniqueness; Stability; Optimality; Comparative Statics; Empirical Implications (search for similar items in EconPapers)
JEL-codes: O30 (search for similar items in EconPapers)
Date: 2009
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