Herings, Peter Jean-Jacques; Laan, Gerard van der; … - 2001
In a standard general equilibrium model it is assumed that there are no price restictionsand that prices adjust … infinitely fast to their equilibrium values. In this paper the set ofadmissible prices is allowed to be an arbitrary convex set … condition that aprice will be on its upper or lower bound in case of rationing. Therefore we introduce a moregeneral equilibrium …