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Отображения С Валовой Заменимостью В Теории Экономического Равновесия
[Gross Substitutability Mappings in Economic Equilibrium Theory]

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  • Polterovich, Victor
  • Spivak, Vladimir

Abstract

A survey of the results relating to the application of gross substitutability in economic equilibrium theory. The topics considered include existence and uniqueness of equilibrium, comparative statics, coalition stability, and stability of price-adjustment tatonnement processes. The main theorems cover the case of multivalued demand satisfying the gross substitutability condition and, in particular, are applicable to linear exchange models.

Suggested Citation

  • Polterovich, Victor & Spivak, Vladimir, 1982. "Отображения С Валовой Заменимостью В Теории Экономического Равновесия [Gross Substitutability Mappings in Economic Equilibrium Theory]," MPRA Paper 21814, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:21814
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    File URL: https://mpra.ub.uni-muenchen.de/21814/1/MPRA_paper_21814.pdf
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    References listed on IDEAS

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    Cited by:

    1. Marakulin Valery, 2006. "On convergence of contractual trajectories in pure exchange economies," EERC Working Paper Series 06-07e, EERC Research Network, Russia and CIS.

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    More about this item

    Keywords

    gross substitutability; economic equilibrium theory; existence and uniqueness of equilibrium; coalition stability; stability of price-adjustment tatonnement processes;
    All these keywords.

    JEL classification:

    • D50 - Microeconomics - - General Equilibrium and Disequilibrium - - - General
    • C62 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Existence and Stability Conditions of Equilibrium

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