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Multiplicity of Equilibria

Ghiglino, Christian and Tvede, Mich (1997) Multiplicity of Equilibria. [["eprint_typename_scholarly-edition" not defined]]

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Abstract

A pure exchange, general equilibrium model is considered and the equilibrium set is studied. It is shown for all total endowments and an open and dense set of preferences that if there arel≥2 commodities andm≥2 consumers then there exists a set of distributions of endowments with nonempty interior such that the associated economies have at leastl-1+min{l,m} equilibria forl+min{l,m} even and at leastl-2+min{l,m} equilibria forl+min{l,m} odd.Journal of Economic Literature, Classification Number D51. © 1997 Academic Press.

Item Type: ["eprint_typename_scholarly-edition" not defined]
Uncontrolled Keywords: D51; general equilibrium; multiplicity of equilibria
Subjects: H Social Sciences > HB Economic Theory
Divisions: Faculty of Social Sciences
Faculty of Social Sciences > Economics, Department of
SWORD Depositor: Elements
Depositing User: Elements
Date Deposited: 16 Jul 2012 17:56
Last Modified: 15 Jan 2022 00:40
URI: http://repository.essex.ac.uk/id/eprint/3031

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