Economies with price-dependent preferences.
type: Item
instance of: scholarly article
title: Economies with price-dependent preferences.
zbMATH Open document ID: 1049.91106
DOI: 10.1016/S0022-0531(03)00020-6
author: Yves Balasko
published in: Journal of Economic Theory
publication date: 2003-06-18T00:00:00Z
review text: Using sufficiently good conditions for the utility functions the author shows, that most properties of the standard equilibrium analysis can be extended to the case, where preferences depend on prices, provided that the total resources are variable. For the case of fixed total resources it is proved, that there are economies with price-dependent preferences and at least two consumers whose equilibrium manifold is not connected. In the case of variable resources it is proved, that the equilibrium set is a smooth manifold diffeomorphic to an Euclidean space. Furthermore Debreu's theorem on the generic finiteness and the local uniqueness of the number of equilibria is extended to the more general case considered in this paper. Finally one finds interesting examples, remarks and some concluding comments.
reviewed by: Alfred Göpfert
Mathematics Subject Classification ID: 91B54
Mathematics Subject Classification ID: 91B08
zbMATH DE Number: 1930305
zbMATH Keywords: equilibrium
zbMATH Keywords: variable resources
zbMATH Keywords: local uniqueness
MaRDI profile type: Publication
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full work available at URL: s0022-0531(03)00020-6
OpenAlex ID: W2067900058
description: scientific article; zbMATH DE number 1930305