On the Existence and Uniqueness of General Equilibrium Prices
Copyright policy )On the Existence and Uniqueness of General Equilibrium Prices
There have recently been revived interests in the application of the theory of degree to existence and uniqueness problem of the general equilibrium. A crucial issue is how to deal with the excess demand function on the boundary of the price domain. Previous contributions in this field have employed assumptions that are different from one another. The prupose of this paper is to unify these boundary conditions by providing a new one which has important economic implications.
excess demand function, boundary conditions, existence, uniqueness, General equilibrium theory, application of degree theory, general equilibrium, boundary of the price domain
excess demand function, boundary conditions, existence, uniqueness, General equilibrium theory, application of degree theory, general equilibrium, boundary of the price domain
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