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A Simple Linear Version of the Exchange Model

In: FOUNDATIONS OF THE THEORY OF GENERAL EQUILIBRIUM

Author

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  • Yves Balasko

Abstract

The following sections are included:IntroductionLog-Linear Utility Functions and their Associated Demand FunctionsThe Equilibrium Equation Defined by the Equality of Supply and DemandEquivalence between the Equilibrium Equation and a Linear Equation SystemThe Equilibrium Price Vector as an EigenvectorExistence and Uniqueness of EquilibriumContinuity and Differentiability with Respect to FundamentalsThe Equilibrium ManifoldConclusionExercises

Suggested Citation

  • Yves Balasko, 2016. "A Simple Linear Version of the Exchange Model," World Scientific Book Chapters, in: FOUNDATIONS OF THE THEORY OF GENERAL EQUILIBRIUM, chapter 2, pages 17-31, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789814651714_0002
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