Chiappori, Pierre-André; Ekeland, Ivar; Browning, Martin - Centre for Applied Microeconometrics (CAM), Økonomisk … - 2005
The literature on the characterization of aggregate excess and market demand has generated three types of results: global, local, or ’at a point’. In this note, we study the relationship between the last two approaches. We prove that within the class of functions satisfying standard...