Non-Walrasian Analysis and Competitive Equilibrium in Pure Exchange Economies

2013 ◽  
Author(s):  
Somdeb Lahiri
Keyword(s):  
Competitive Equilibrium ◽  
Exchange Economies ◽  
Pure Exchange

scholarly journals Simple Economies with Multiple Equilibria

2009 ◽  
Vol 9 (1) ◽  
Author(s):  
Theodore C Bergstrom ◽  
Ken-Ichi Shimomura ◽  
Takehiko Yamato
Keyword(s):  
Economic Theory ◽  
General Equilibrium ◽  
General Class ◽  
Multiple Equilibria ◽  
Competitive Equilibrium ◽  
Comparative Statics ◽  
Exchange Economies ◽  
Valuable Addition ◽  
Pure Exchange ◽  
Special Case

We study a general class of pure exchange economies that have multiple equilibria. This class generalizes an example presented by Shapley and Shubik. For such economies, we find easily verified conditions that determine whether there are multiple equilibria. We also provide simple methods for constructing economies in which arbitrary pre-specified sets of prices are equilibria. These economies have strong comparative statics properties, since prices at interior competitive equilibrium depend on the parameters of utility but not on the endowment quantities. We believe that this easily manipulated special case is a valuable addition to the class of simple general equilibrium economies that can be used as testing grounds in economic theory.

Coalitional Fairness of Allocations in Pure Exchange Economies

Econometrica ◽  
1975 ◽  
Vol 43 (4) ◽  
pp. 661 ◽  
Author(s):  
Jean Jaskold-Gabszewicz
Keyword(s):  
Exchange Economies ◽  
Pure Exchange

A remark on the continuity of the Walras correspondence in pure exchange economies

2014 ◽  
Vol 3 (1) ◽  
pp. 33-41
Author(s):  
Ram Sewak Dubey ◽  
Francesco Ruscitti
Keyword(s):  
Exchange Economies ◽  
Pure Exchange

scholarly journals Constructing Pure-Exchange Economies with Many Equilibria

2021 ◽  
Author(s):  
Pascal Gauthier ◽  
Timothy J. Kehoe ◽  
Erwan Quintin
Keyword(s):  
Exchange Economies ◽  
Pure Exchange

A Competitive Equilibrium Model for a Pure Exchange Economy with its Variational Formulation: A Brief Overview

2009 ◽  
Author(s):  
Carmela Vitanza ◽  
Maria Bernadette Donato ◽  
Monica Milasi ◽  
Theodore E. Simos ◽  
George Psihoyios ◽  
...  
Keyword(s):  
Equilibrium Model ◽  
Variational Formulation ◽  
Competitive Equilibrium ◽  
Exchange Economy ◽  
Pure Exchange ◽  
Pure Exchange Economy
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