scholarly journals Excess Demand Functions with Incomplete Markets - A Global Result

2002 ◽  
Author(s):  
Takeshi Momi
Keyword(s):  
Incomplete Markets ◽  
Excess Demand ◽  
Demand Functions ◽  
Global Result

Disaggregation of excess demand functions in incomplete markets

1999 ◽  
Vol 31 (1) ◽  
pp. 111-129 ◽  
Author(s):  
Pierre-André Chiappori ◽  
Ivar Ekeland
Keyword(s):  
Incomplete Markets ◽  
Excess Demand ◽  
Demand Functions

Excess Demand Functions and Incomplete Markets

1996 ◽  
Vol 68 (1) ◽  
pp. 49-63 ◽  
Author(s):  
Jean-Marc Bottazzi ◽  
Thorsten Hens
Keyword(s):  
Incomplete Markets ◽  
Excess Demand ◽  
Demand Functions

Market Excess Demand Functions

Econometrica ◽  
1972 ◽  
Vol 40 (3) ◽  
pp. 549 ◽  
Author(s):  
Hugo Sonnenschein
Keyword(s):  
Excess Demand ◽  
Demand Functions

scholarly journals On the Disaggregation of Excess Demand Functions

Econometrica ◽  
1980 ◽  
Vol 48 (2) ◽  
pp. 315 ◽  
Author(s):  
J. D. Geanakoplos ◽  
H. M. Polemarchakis
Keyword(s):  
Excess Demand ◽  
Demand Functions

WHAT A DIFFERENCE A SUM (∑) MAKES: SUCCESS AND FAILURE IN THE RATIONALIZATION OF DEMAND

2012 ◽  
Vol 34 (3) ◽  
pp. 379-396 ◽  
Author(s):  
D. WADE HANDS
Keyword(s):  
General Equilibrium ◽  
Excess Demand ◽  
Previous Literature ◽  
Equilibrium Theory ◽  
General Equilibrium Theory ◽  
Success Story ◽  
Demand Functions ◽  
Individual Demand

This paper discusses the Sonnenschein–Mantel–Debreu (SMD) theorems in general equilibrium theory. It argues that the SMD results were related to the previous literature on the integrability of demand. The integrability question involved rationalizing individual demand functions, and the SMD theorems asked the same question about aggregate (market) excess demand functions. The paper’s two goals are to demonstrate how the SMD results followed naturally from the earlier work on integrability, and to point out that the profession’s reception was quite different; the integrability results were considered a success story, while the SMD results were quite negative.

A characterization of community excess demand functions

1974 ◽  
Vol 9 (4) ◽  
pp. 361-374 ◽  
Author(s):  
Daniel McFadden ◽  
Andreu Mas-Colell ◽  
Rolf Mantel ◽  
Marcel K Richter
Keyword(s):  
Excess Demand ◽  
Demand Functions
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