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On Walras' model of general equilibrium: A simpler way to demonstate existence (Q1092780)

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scientific article; zbMATH DE number 4020792
Language Label Description Also known as
English
On Walras' model of general equilibrium: A simpler way to demonstate existence
scientific article; zbMATH DE number 4020792

    Statements

    title
    On Walras' model of general equilibrium: A simpler way to demonstate existence (English)
    0 references
    author
    Christian Bidard
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    Reiner Franke
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    publication date
    1987
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    review text
    The paper addresses Walras' model of general equilibrium with production and presents a simple way to prove existence of an equilibrium solution. This is achieved by constructing an enlarged ``excess demand'' function and then employing the Gale-Nikaido-Debreu Lemma, which has thus far been neglected in this context.
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    zbMATH Keywords
    Walras' model
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    general equilibrium
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    existence of an equilibrium solution
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    Identifiers

    DOI
    10.1007/BF01245151
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    zbMATH DE Number
    4020792
    0 references
     
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