Limited Arbitrage and Uniqueness of Equilibrium in Strictly Regular Economies

In strictly regular economies limited arbitrage is sufficient for the global invertibility of demand, and necessary and sufficient for the uniqueness of equilibrium. This result is established using algebraic topology and holds in economies with short sales, and with finitely or infinitely many markets.

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Year of publication:	1996
Authors:	Chichilnisky, G
Institutions:	Department of Economics, School of Arts and Sciences
Subject:	REGULATION \| CENTRAL BANKS \| GENERAL EQUILIBRIUM

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Series:	Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	7 pages
Classification:	E61 - Policy Objectives; Policy Designs and Consistency; Policy Coordination ; L51 - Economics of Regulation ; E58 - Central Banks and Their Policies
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005162756