Equilibrium with restriction on exchange (Q1406308)
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scientific article; zbMATH DE number 1978176
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Equilibrium with restriction on exchange |
scientific article; zbMATH DE number 1978176 |
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Equilibrium with restriction on exchange (English)
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9 September 2003
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The paper deals with the general equilibrium in the markets with restricted exchange. In such markets the type of the realizable equilibrium becomes a significant component of the model. The one suggested in the paper is based on the concept of superlinear connections. The attention is focused on the introduction of unified scheme describing the proposed equilibrium, on the specification of very weak assumptions under which the equilibrium prices are not equal to zero, and on the choice of budget functions that guarantee the existence of the considered equilibrium.
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market
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general economic equilibrium
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restricted exchange
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restriction
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superlinear mapping
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fixed prices
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equilibrium prices
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budget function
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