Bonnisseau, Jean-Marc; Nguenamadji, Orntangar - In: Journal of Mathematical Economics 46 (2010) 5, pp. 623-632
The purpose of this paper is to define a new notion of local equilibrium in an exchange economy, where the consumers face lower bounds on net trades. Then, we show that the local equilibrium is unique if the lower bounds are closed enough to 0. By the way, we also provide a convergence result of...