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Our concern in this paper is to obtain conditions for the uniqueness of equilibria, with, commodity bundles as consumption patterns which depend on the state of the world. In the first section we consider an economy with complete markets, where consumption spaces are a finite product of...
Persistent link: https://www.econbiz.de/10005075718
In this paper we prove that the social equilibrium set, of an exchange economy, with consumption space as a subset of a Banach space in a Banach manifold, and this Characterization does not depend on the number of commodities. In the way to obtain this characterization we will show that the set...
Persistent link: https://www.econbiz.de/10005687713
In this paper we prove the existence of an equilibrium theorem and we obtain a condition for uniqueness of equilibrium in infinite dimensional economics using the excess utility function.
Persistent link: https://www.econbiz.de/10005812487