Bonnisseau, Jean-Marc; Nguenamadji, Orntangar - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2008
In a pure exchange economy, we definie a new concept of local equilibria where the consumers are restricted by sale constraints. So the equilibrium consumptions are close to the initial endowments. We prove that the local equilibrium is always unique when utility functions are smooth and the...