Necessary and sufficient conditions for global uniqueness of equilibria

We study the problem of finding necessary and sufficient conditions that guarantee global uniqueness of equilibria in a pure exchange economy. We show that for every economy to have a unique equilibrium it is necessary and sufficient that (i) there are no critical economies and (ii) a compact set of economies has a compact set of equilibria.

MoreLess

Year of publication:	2008-05-05
Authors:	Covarrubias, Enrique

freely available

Full text |

More access options

Check Google Scholar

In German libraries (KVK)

I need help

More details

Type of publication:	Book / Working Paper
Language:	English
Notes:	Covarrubias, Enrique (2008): Necessary and sufficient conditions for global uniqueness of equilibria.
Classification:	D50 - General Equilibrium and Disequilibrium. General ; D51 - Exchange and Production Economies
Source:	BASE

Persistent link: https://www.econbiz.de/10015261151