Whalley, John; Zhang, Shunming - In: Economic Modelling 41 (2014) C, pp. 356-364
In existing literature, there are few concrete examples of multiple equilibria and the only ones known to us have 3 equilibria, but multiplicity remains a major concern for applied models used in policy work. Here, we report numerical examples for a 3 individual 2 good CES/LES pure exchange...