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Private ownership economies with a finite number of equilibria

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Date
1974
Dewey
Microéconomie
Sujet
Equilibrium (Economics); Équilibre (économie politique)
JEL code
D72; D58
Journal issue
Journal of Mathematical Economics
Volume
1
Number
2
Publication date
1974
Article pages
141-158
Publisher
Elsevier
DOI
http://dx.doi.org/10.1016/0304-4068(74)90005-6
URI
https://basepub.dauphine.fr/handle/123456789/12938
Collections
  • LEDa : Publications
Metadata
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Author
Fuchs, Gérard
Type
Article accepté pour publication ou publié
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.

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