UNIQUENESS OF EQUILIBRIUM

William Bryant

Chapter 7 in General Equilibrium:Theory and Evidence, 2009, pp 173-208 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThe following sections are included:IntroductionConditions for the uniqueness of Walrasian equilibriumThe index theorem approachGross substitutes, the weak axiom, diagonal dominance and the Gale propertyUniqueness with productionSpecial structure on preferences and technologiesThe Sonnenschein-Mantel-Debreu resultUniqueness via adjustment processesExploiting regularity and boundary conditionsExploiting contraction mappingsThe size of the equilibrium set‘Small finite’ or ‘large finite’?The measure, density and likelihood of equilibrium pricesConclusion

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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