Equilibria in Large Models of Household Economy – a Special Case Study

The paper concerns an analysis of equilibria in a model of household economy with infinitely many agents classified into a finite number of types. In general we know that, assuming continuity of demand, an equilibrium of such a model exists. We are not able to state in general whether equilibrium is unique or what are its properties. We analyze here a special case of the model for which we are able to describe all equilibria and its characteristics.

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Year of publication:	2010
Authors:	Ekes, Maria
Published in:	Collegium of Economic Analysis Annals. - Szkoła Główna Handlowa w Warszawie, ISSN 1232-4671. - 2010, 22, p. 149-161
Publisher:	Szkoła Główna Handlowa w Warszawie
Subject:	game theory \| economy with infinitely many agents \| competitive equilibrium

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011010518