Publication:
Linear exchange economies with a continuum of agents

Simple item page
dc.affiliation.dptoUC3M. Departamento de EconomĂ­aes
dc.contributor.authorFlorenzano, Monique
dc.contributor.authorMoreno GarcĂ­a, Emma
dc.contributor.editorUniversidad Carlos III de Madrid. Departamento de EconomĂ­a
dc.date.accessioned2009-04-15T10:11:41Z
dc.date.available2009-04-15T10:11:41Z
dc.date.issued1996-08
dc.description.abstractThe purpose of this paper is to study how the equilibrium prices vary with respect to the initial endowments in a linear exchange economy with a continuum of agents. We first state the model and give conditions of an increasing strength for existence, uniqueness and continuity of equilibrium prices.Then, if we restrict ourselves to economies with essentially bounded initial endowments and if we assume that there is, from the point of view of preferences, only a finite number of types of agents, we show that, on an open dense subset of the space of initial endowments, the equilibrium price vector is an infinitely differentiable function of the initial endowments. The proof of this claim is based on an explicit formula allowing to compute the equilibrium price vector around a so-called "regular" endowment where it is known.
dc.format.mimetypeapplication/pdf
dc.identifier.issn2340-5031
dc.identifier.urihttps://hdl.handle.net/10016/3969
dc.language.isoeng
dc.relation.ispartofseriesUC3M Working Paper. Economics
dc.relation.ispartofseries1996-22-12
dc.rightsAtribución-NoComercial-SinDerivadas 3.0 España
dc.rights.accessRightsopen access
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.subject.ecienciaEconomĂ­a
dc.subject.otherLinear utilities
dc.subject.otherIndirect utility function
dc.subject.otherWalrasian equilibrium
dc.subject.otherAtomless measure space of agents
dc.subject.otherOpen mapping theorem
dc.titleLinear exchange economies with a continuum of agents
dc.typeworking paper*
dspace.entity.typePublication
Files
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
we962212.pdf
Size:
561.08 KB
Format:
Adobe Portable Document Format
Description:
Download
Collections
DE - Working Papers. Economics. WE
Economists Online