A new approach to the uniqueness of equilibrium with CRRA preferences
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DOI: 10.1016/j.jet.2023.105607
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- Alexis Akira Toda & Kieran James Walsh, 2024. "Recent Advances on Uniqueness of Competitive Equilibrium," Papers 2402.00998, arXiv.org.
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More about this item
Keywords
Unique equilibrium; Constant relative risk aversion; Higher-order price effect; Quasi-convex demand; Law of demand;All these keywords.
JEL classification:
- D51 - Microeconomics - - General Equilibrium and Disequilibrium - - - Exchange and Production Economies
- C62 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Existence and Stability Conditions of Equilibrium
- D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory
- D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles
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