Walrasian Equilibria in a Production Economy with Indivisibilities

Jinpeng Ma ()

Departmental Working Papers from Rutgers University, Department of Economics

Abstract: This paper studies a production economy with indivisibilities. We provide a characterization for all Walraian equilibria and a necessary and sufficient condition for the existence of Walrasian equilibrium. We find a sufficient condition for every descening (ascending) price process to converge to a Walrasian equilibrium within finite periods of time.

Keywords: Walrasian Equilibrium (search for similar items in EconPapers)
JEL-codes: D41 (search for similar items in EconPapers)
Date: 1997-09-17
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.sas.rutgers.edu/virtual/snde/wp/1997-12.pdf (application/pdf)

Related works:
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:rut:rutres:199712

Access Statistics for this paper

More papers in Departmental Working Papers from Rutgers University, Department of Economics Contact information at EDIRC.
Bibliographic data for series maintained by ().