Equilibrium correspondence of linear exchange economies

被引:2
|
作者
Florig, M [1 ]
机构
[1] Univ Paris 01, CERMSEM, Paris, France
关键词
Walras equilibrium; linear utility functions; sensitivity analysis; computation; equilibrium correspondence;
D O I
10.1023/B:JOTA.0000012734.59679.9a
中图分类号
C93 [管理学]; O22 [运筹学];
学科分类号
070105 ; 12 ; 1201 ; 1202 ; 120202 ;
摘要
According to Mertens (Ref. 1), the set of equilibrium prices in a linear exchange economy is a convex polyhedral cone (after adding {0}). We give a constructive proof of this fact. Then, we establish a lower-semicontinuity property of the equilibrium price correspondence. The set of equilibrium allocations is a closed, convex polyhedron. We give a characterization of this set.
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页码:97 / 109
页数:13
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