A Simple Linear Version of the Exchange Model

Yves Balasko

Chapter 2 in Foundations of the Theory of General Equilibrium, 2016, pp 17-31 from World Scientific Publishing Co. Pte. Ltd.

Abstract: The following sections are included:IntroductionLog-Linear Utility Functions and their Associated Demand FunctionsThe Equilibrium Equation Defined by the Equality of Supply and DemandEquivalence between the Equilibrium Equation and a Linear Equation SystemThe Equilibrium Price Vector as an EigenvectorExistence and Uniqueness of EquilibriumContinuity and Differentiability with Respect to FundamentalsThe Equilibrium ManifoldConclusionExercises

Keywords: Economics; Economic theory; Equilibrium; Singularities; Equilibrium Manifold; General Equilibrium; Natural Projection; Arrow-Debreu Model; Walras Equilibrium; Consumer Theory; Multiple Equilibria; Unique Equilibrium (search for similar items in EconPapers)
JEL-codes: D50 (search for similar items in EconPapers)
Date: 2016
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