Direct perturbations of aggregate excess demand.

We establish that an exchange economy, i.e., preferences and endowments, that generates a giiven aggregate excess demand (AED) function is close to the economy generating the AED obtained by an arbitrary perturbation of the original one.

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Year of publication:	2008-07
Authors:	Castro, Sofia B. S. D. ; Dakhlia, Sami ; Gothen, Peter B.
Institutions:	Centre d'Économie de la Sorbonne, Université Paris 1 (Panthéon-Sorbonne)
Subject:	Arrow-Debreu \| transversality \| exchange economy

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Extent:	application/pdf
Series:	Documents de travail du Centre d'Economie de la Sorbonne. - ISSN 1955-611X.
Type of publication:	Book / Working Paper
Notes:	16 pages
Classification:	D50 - General Equilibrium and Disequilibrium. General ; C62 - Existence and Stability Conditions of Equilibrium ; C02 - Mathematical Methods
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005696775