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Private ownership economies with a finite number of equilibria

Fuchs, Gérard (1974), Private ownership economies with a finite number of equilibria, Journal of Mathematical Economics, 1, 2, p. 141-158. http://dx.doi.org/10.1016/0304-4068(74)90005-6

Type
Article accepté pour publication ou publié
Date
1974
Journal name
Journal of Mathematical Economics
Volume
1
Number
2
Publisher
Elsevier
Pages
141-158
Publication identifier
Metadata
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Author(s)
Fuchs, Gérard
Abstract (EN)
Interest in economies with a finite number of equilibria has been first drawn over by Debreu (1970). The present paper shows that such economies form a subset of dense interior of the set of private ownership economies and proves some continuity properties of the Walras correspondence. It generalizes similar results obtained for exchange economies by Dierker and Dierker (1972). Demonstrations also rest heavily on transversality theory but use somewhat stronger theorems.
Subjects / Keywords
Equilibrium (Economics); Équilibre (économie politique)
JEL
D72 - Political Processes: Rent-Seeking, Lobbying, Elections, Legislatures, and Voting Behavior
D58 - Computable and Other Applied General Equilibrium Models