Market Excess Demand in Exchange Economies with Identical Preferences and Collinear Endowments

S-Tier
Journal: Review of Economic Studies
Year: 1986
Volume: 53
Issue: 3
Pages: 457-463

Authors (2)

Score contribution per author:

4.022 = (α=2.01 / 2 authors) × 4.0x S-tier

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

Abstract

In this paper we show that up to an arbitrary small neighbourhood of the boundary of the set of prices any given excess demand function can be considered as the excess demand of an economy with any large enough but finite number of individuals having identical preferences. Moreover, the individual endowments can be chosen collinear and in such a way that they yield any arbitrary price independent distribution of relative wealth.

Technical Details

RePEc Handle
repec:oup:restud:v:53:y:1986:i:3:p:457-463.
Journal Field
General
Author Count
2
Added to Database
2026-01-25