On the uniqueness of local equilibria

Jean-Marc Bonnisseau and Orntangar Nguenamadji

Journal of Mathematical Economics, 2010, vol. 46, issue 5, 623-632

Abstract: The purpose of this paper is to define a new notion of local equilibrium in an exchange economy, where the consumers face lower bounds on net trades. Then, we show that the local equilibrium is unique if the lower bounds are closed enough to 0. By the way, we also provide a convergence result of local equilibrium price toward Walras equilibrium price of a suitable tangent linear economy.

Keywords: General; economic; equilibrium; Local; equilibria; Uniqueness (search for similar items in EconPapers)
Date: 2010
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Related works:
Working Paper: On the uniqueness of local equilibria (2010)
Working Paper: On the uniqueness of local equilibria (2010)
Working Paper: On the uniqueness of local equilibria (2010)
Working Paper: On the uniqueness of local equilibria (2009)
Working Paper: On the uniqueness of local equilibria (2008)
Working Paper: On the uniqueness of local equilibria (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:mateco:v:46:y:2010:i:5:p:623-632

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