Implications of Microeconomic Theory for Community Excess Demand Functions

Rolf R. Mantel

No 409, Cowles Foundation Discussion Papers from Cowles Foundation for Research in Economics, Yale University

Abstract: A series of results, related to Sonnenschein's conjecture that Walras' Law is the only significant restriction microeconomic theory imposes on community demand and excess demand functions are surveyed and extended. These results have important implications for general equilibrium theory, both in questions of existence and stability, and for empirical work.

Pages: 24 pages
Date: 1975
Note: CFP 451.
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Citations: View citations in EconPapers (2)

Published in Frontiers of Quantitative Economics, Vol. III, North-Holland, 1977, pp. 111-126

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