Tastes and Singular Economies
The object of this paper is to show some examples of economies in which singular equilibria occur as a consequence of utility functions and where this equilibria play a crucial rolle to understand the behavior of the economy as a system. An economy will be called singular if little changes in the tastes of the consumer imply big changes in the equilibria set.
Year of publication: |
2001-11
|
---|---|
Authors: | Accinelli, Elvio ; Piria, Alfredo ; Puchet, Martín |
Institutions: | Departamento de Economía, Facultad de Ciencias Sociales |
Saved in:
freely available
Saved in favorites
Similar items by person
-
Accinelli, Elvio, (1999)
-
A characterization of Walrasian economies of infinity dimension
Accinelli, Elvio, (2001)
-
Can a reallocation of initial endowments improve social welfare?
Accinelli, Elvio, (2007)
- More ...