IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-349-17001-2_8.html
   My bibliography  Save this book chapter

Continuity

In: Value

Author

Listed:
  • Michael Allingham

    (University of Kent)

Abstract

Given that equilibrium prices exist I now enquire whether such prices depend continuously on the attributes of the economy. This will be the case if equilibrium prices change only slowly as the preferences and endowments of the agents change; if this were not the case then the theory of value would have little empirical relevance. To return to the analogy of the ball and the spring, the theory of weight would be unsatisfactory if an arbitrarily small change in the diameter of the ball lead to a large change in the length of the spring, for then an approximate knowledge of the diameter of the ball, which is all that is available in practice, would not determine the weight of the ball even approximately.

Suggested Citation

  • Michael Allingham, 1983. "Continuity," Palgrave Macmillan Books, in: Value, chapter 8, pages 59-67, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-17001-2_8
    DOI: 10.1007/978-1-349-17001-2_8
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-1-349-17001-2_8. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.