Competitive equilibria with consumption possibility depending on endowments: a global analysis
Jean-Marc Bonnisseau and
Elena del Mercato
Post-Print from HAL
Abstract:
In the spirit of Smale's work, we consider a pure exchange economy with general consumption sets. We consider the case in which the consumption set of each household is described in terms of an inequality on a function called possibility function. The possibility function represents the restricted consumption possibility on commodity markets. The main innovation comes from the dependency of the possibility function with respect to the individual initial endowment. We prove that, generically, equilibria are finite and they locally depend on the initial endowments in a smooth manner.
Keywords: General economic equilibrium; consumption sets; regular economies; Théorie de l'équilibre général; ensembles de consommation; économies régulières (search for similar items in EconPapers)
Date: 2005-12
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00197474v1
References: View references in EconPapers View complete reference list from CitEc
Citations:
Published in 2005
Downloads: (external link)
https://shs.hal.science/halshs-00197474v1/document (application/pdf)
Related works:
Working Paper: Competitive equilibria with consumption possibility depending on endowments: a global analysis (2005) 
Working Paper: Competitive equilibria with consumption possibility depending on endowments: a global analysis (2005) 
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00197474
Access Statistics for this paper
More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().