Direct perturbations of aggregate excess demand

B-Tier
Journal: Journal of Mathematical Economics
Year: 2010
Volume: 46
Issue: 4
Pages: 562-571

Authors (3)

Castro, Sofia B.S.D. (not in RePEc) Dakhlia, Sami (University of Tennessee-Chatta...) Gothen, Peter B. (not in RePEc)

Score contribution per author:

0.670 = (α=2.01 / 3 authors) × 1.0x B-tier

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

Abstract

We complement the Sonnenschein-Mantel-Debreu results by establishing that an exchange economy, i.e., preferences and endowments, that generates a given aggregate excess demand (AED) function is close to the economy that generates a perturbation of this AED. As a consequence, genericity and determinacy results obtained by direct perturbation of an AED are as strong as results obtained by perturbing preferences and endowments.

Technical Details

RePEc Handle
repec:eee:mateco:v:46:y:2010:i:4:p:562-571
Journal Field
Theory
Author Count
3
Added to Database
2026-01-25