Direct perturbations of aggregate excess demand

被引:2
|
作者
Castro, Sofia B. S. D. [2 ,3 ]
Dakhlia, Sami [1 ]
Gothen, Peter B. [2 ,4 ]
机构
[1] PULV, Ecole Super Commerce Exterieur, F-92916 Paris, France
[2] Univ Porto, CMUP, P-4200464 Oporto, Portugal
[3] Univ Porto, Fac Econ Porto, P-4200464 Oporto, Portugal
[4] Univ Porto, Fac Ciencias, P-4169007 Oporto, Portugal
关键词
Arrow-Debreu; Aggregate excess demand; Genericity; Determinacy; Transversality; General equilibrium; Sonnenschein-Mantel-Debreu; EXCHANGE ECONOMIES; SET; EQUILIBRIA; CONTINUITY;
D O I
10.1016/j.jmateco.2010.03.008
中图分类号
F [经济];
学科分类号
02 ;
摘要
We complement the Sonnenschein-Mantel-Debreu results by establishing that an exchange economy, i.e., preferences and endowments, that generates a given aggregate excess demand (AED) function is close to the economy that generates a perturbation of this AED. As a consequence, genericity and determinacy results obtained by direct perturbation of an AED are as strong as results obtained by perturbing preferences and endowments. (C) 2010 Elsevier B.V. All rights reserved.
引用
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页码:562 / 571
页数:10
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