C, Bergstrom Theodore; Ken-Ichi, Shimomura; Takehiko, Yamato - In: The B.E. Journal of Theoretical Economics 9 (2009) 1, pp. 1-31
We study a general class of pure exchange economies that have multiple equilibria. This class generalizes an example presented by Shapley and Shubik. For such economies, we find easily verified conditions that determine whether there are multiple equilibria. We also provide simple methods for...