Tastes and Singular Economies
The object of this paper is to show some examples of economies in which singular equilibria occur as a consequence of utility functions and where this equilibria play a crucial rolle to understand the behavior of the economy as a system. An economy will be called singular if little changes in the tastes of the consumer imply big changes in the equilibria set.
Year of publication: |
2001-11
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Authors: | Accinelli, Elvio ; Piria, Alfredo ; Puchet, Martín |
Institutions: | Departamento de Economía, Facultad de Ciencias Sociales |
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