
Individual excess demands
Chiappori, Pierre-André; Ekeland, Ivar (2004), Individual excess demands, Journal of Mathematical Economics, 40, 1-2, p. 41-57. http://dx.doi.org/10.1016/j.jmateco.2003.11.003
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Type
Article accepté pour publication ou publiéDate
2004Journal name
Journal of Mathematical EconomicsVolume
40Number
1-2Publisher
Elsevier
Pages
41-57
Publication identifier
Metadata
Show full item recordAbstract (EN)
We characterize the excess demand function in the one-consumer model. We describe the relation between the direct and indirect utility functions. As an application of our result, we derive a short proof of the celebrated Sonnenschein–Mantel–Debreu theorem on the decomposition of aggregate excess demand.Subjects / Keywords
Optimization; Homogeneous; Quasi-convexRelated items
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Chiappori, Pierre-André; Ekeland, Ivar (2004) Article accepté pour publication ou publié