Uniqueness and stability of equilibrium in economies with two goods

DOI10.1016/j.jet.2017.12.005zbMath1400.91299OpenAlexW3125697567MaRDI QIDQ1701033

Kieran James Walsh, John D. Geanakoplos

Publication date: 22 February 2018

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: https://cowles.yale.edu/sites/default/files/files/pub/d20/d2050.pdf

zbMATH Keywords

stability of equilibriumuniqueness of equilibriumabsolute risk aversionexcess demand functionsDiamond-Dybvig models

Mathematics Subject Classification ID

Utility theory (91B16) General equilibrium theory (91B50)

Related Items (4)

Uniqueness of equilibrium in a Bewley-Aiyagari model ⋮ Risk aversion and uniqueness of equilibrium in economies with two goods and arbitrary endowments ⋮ A new approach to the uniqueness of equilibrium with CRRA preferences ⋮ Offer curves and uniqueness of competitive equilibrium

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• Homotheticity and the Aggregation of Consumer Demands
• The Stability of a Competitive Economy: A Survey Article
• Market Excess Demand Functions

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