Economies with price-dependent preferences

• 成果类型: Article
• 署名作者: Balasko, Y
• 署名单位: Centre National de la Recherche Scientifique (CNRS)
• 刊物名称: JOURNAL OF ECONOMIC THEORY
• ISSN/ISSBN: 0022-0531
• DOI: 10.1016/S0022-0531(03)00020-6
• 发表日期: 2003
• 页码: 333-359
• 关键词: price-dependent preferences; general equilibrium; natural projection; local uniqueness

摘要

With the exception of existence, not much is known of economies where individual preferences may depend on prices. We show that the main properties of competitive equilibria that fall under the general heading of qualitative comparative statics remain true when preferences are price-dependent, provided that the total resources are allowed to vary in the parameter space. The equilibrium set is a smooth manifold diffeomorphic to a Euclidean space; the natural projection is a smooth proper map, with topological degree one; equilibria always exist, and are locally unique for an open and dense set of economies. (C) 2003 Elsevier Science (USA). All rights reserved.