Discontinuities in the vector field of differential equations are a typical characteristic of disequilibrium dynamics. One way of co ping with this problem is offered by the Filippov solution. The autho rs prove existence and uniqueness of a Filappov solution for a so-cal led sliding trajectory...

This paper is concerned with the properties of public-sector shadow prices in the presence of market distortio ns. Some theoretical properties of shadow prices in a competitive gen eral equilibrium model are derived and numerical examples are used to argue that partial equilibrium...