Edgeworth Box Economies with Multiple Equilibria

We derive sufficient conditions for the existence of multiple equilibria in two-good, two-agent pure exchange economies with heterogeneous but symmetric preferences with identical Bernoulli utilities. When preferences are non-homothetic (e.g., quadratic, quasi-linear, or HARA), multiple equilibria are possible even with identical endowments

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Year of publication:	2017
Authors:	Toda, Alexis Akira
Other Persons:	Walsh, Kieran James (contributor)
Publisher:	[2017]: [S.l.] : SSRN
Subject:	Gleichgewichtstheorie \| Equilibrium theory \| Gleichgewichtsmodell \| Equilibrium model

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Extent:	1 Online-Ressource (14 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Economic Theory Bulletin, April 2017, Volume 5, Issue 1, pp 65-80 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments June 7, 2016 erstellt
Other identifiers:	10.2139/ssrn.2791689 [DOI]
Classification:	C62 - Existence and Stability Conditions of Equilibrium ; D51 - Exchange and Production Economies ; D58 - Computable and Other Applied General Equilibrium Models
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012969096