Close Economies

Michael Allingham
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Michael Allingham: University of Kent

Chapter 6 in Theory of Markets, 1989, pp 65-81 from Palgrave Macmillan

Abstract: Abstract As we have seen, the properties of the equilibrium price set, even in regular economies, are exhausted by the index sum requirement. Thus to obtain stronger results — for example, to show that equilibrium is unique — we must restrict the space of economies significantly, that is to say we must exclude a set of economies of positive measure.

Date: 1989
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DOI: 10.1007/978-1-349-10265-5_6

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