On the uniqueness of local equilibria

B-Tier
Journal: Journal of Mathematical Economics
Year: 2010
Volume: 46
Issue: 5
Pages: 623-632

Authors (2)

Bonnisseau, Jean-Marc (Paris School of Economics) Nguenamadji, Orntangar (not in RePEc)

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

The purpose of this paper is to define a new notion of local equilibrium in an exchange economy, where the consumers face lower bounds on net trades. Then, we show that the local equilibrium is unique if the lower bounds are closed enough to 0. By the way, we also provide a convergence result of local equilibrium price toward Walras equilibrium price of a suitable tangent linear economy.

Technical Details

RePEc Handle
repec:eee:mateco:v:46:y:2010:i:5:p:623-632
Journal Field
Theory
Author Count
2
Added to Database
2026-01-24