Showing 1 - 10 of 707
This paper provides a framework for establishing the determinacy of equilibria in general equilibrium models with infinitely many commodities and a finite number of consumers and producers. The paper defines a notion of regular economy for such model s and gives sufficient conditions on the...
Persistent link: https://www.econbiz.de/10005518140
This paper studies the extent to which qualitative features of Walrasian equilibria are refutable given a finite data set. In particular, we consider the hypothesis that the observed data are Walrasian equilibria in which each price vector is locally stable under tâtonnement. Our main result...
Persistent link: https://www.econbiz.de/10005649715
This note provides sufficient conditions to draw strict monotone comparative statics conclusions in optimization problems. These results extend the lattice-theoretic results of Milgrom and Shannon (1994) by imposing a stronger differential version of the single crossing property and arguing from...
Persistent link: https://www.econbiz.de/10005292464
Persistent link: https://www.econbiz.de/10005292475
Persistent link: https://www.econbiz.de/10005742733
Persistent link: https://www.econbiz.de/10005742734
Persistent link: https://www.econbiz.de/10005742735
Persistent link: https://www.econbiz.de/10005742736
Persistent link: https://www.econbiz.de/10005742737
Persistent link: https://www.econbiz.de/10005742738