Multiplicity of equilibria
成果类型：
Article
署名作者：
Ghiglino, C; Tvede, M
署名单位：
Cornell University; University of Copenhagen
刊物名称：
JOURNAL OF ECONOMIC THEORY
ISSN/ISSBN：
0022-0531
DOI：
10.1006/jeth.1997.2279
发表日期：
1997
页码：
1-15
关键词：
摘要：
A pure exchange, general equilibrium model is considered and the equilibrium set is studied. It is shown for all total endowments and an open and dense set of preferences that if there are l greater than or equal to 2 commodities and m greater than or equal to 2 consumers then there exists a set of distributions of endowments with nonempty interior such that the associated economies have at least l-1+min{l,m} equilibria For l+min{l,m} even and at least l-2+min{l,m} equilibria for l+min{L,m} odd. Journal of Economic Literature, Classification Number D51. (C) 1997 Academic Press.