Artikel
On the relation between the equilibrium set and the demand functions
It is shown that, in pure exchange economies, the individual demand functions can be recovered from the equilibrium set regardless of the way we evaluate wealth. Following Balasco (2004), the demand functions do not have to be differentiable, not even continuous nor utility maximizing. Thus, the set of equilibria does not necessarily carry the structure of a manifold. Further, it is proved that the inner product structure is redundant in the sense that the result holds true even if wealth is being evaluated by means of a more general function on the price commodity space satisfying minimal requirements.
- Sprache
-
Englisch
- Erschienen in
-
Journal: SPOUDAI - Journal of Economics and Business ; ISSN: 2241-424X ; Volume: 63 ; Year: 2013 ; Issue: 1/2 ; Pages: 94-99 ; Piraeus: University of Piraeus
- Klassifikation
-
Wirtschaft
General Equilibrium and Disequilibrium: General
Exchange and Production Economies
- Thema
-
Equilibrium set (manifold)
Demand functions
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Michelacakis, Nickolas J.
- Ereignis
-
Veröffentlichung
- (wer)
-
University of Piraeus
- (wo)
-
Piraeus
- (wann)
-
2013
- Handle
- Letzte Aktualisierung
- 10.03.2025, 11:45 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Michelacakis, Nickolas J.
- University of Piraeus
Entstanden
- 2013
Ähnliche Objekte (12)
Social demand functions in general equilibrium
THE T-COMPUTABLE SETS AND FUNCTIONS
Complicated Topological Structure of the Set of Equilibrium Prices
Demand functions and demand manifolds
Set functions
The equilibrium set of economies with a continuous consumption space
The Equilibrium
Equilibrium Limit Pricing: The Effects of Private Information and Stochastic Demand
A Method for Finding the Maximal Set in Excess Demand
The Profitability of Small Horizontal Mergers with Nonlinear Demand Functions
Import Demand Functions Revisited
EXCEPTIONAL SETS FOR FUNCTIONS FROM THE WEIGHTED BERGMAN SPACES IN THE BALL
Social demand functions in general equilibrium
THE T-COMPUTABLE SETS AND FUNCTIONS
Complicated Topological Structure of the Set of Equilibrium Prices
Demand functions and demand manifolds
Set functions
The equilibrium set of economies with a continuous consumption space
The Equilibrium
Equilibrium Limit Pricing: The Effects of Private Information and Stochastic Demand
A Method for Finding the Maximal Set in Excess Demand
The Profitability of Small Horizontal Mergers with Nonlinear Demand Functions
Import Demand Functions Revisited
EXCEPTIONAL SETS FOR FUNCTIONS FROM THE WEIGHTED BERGMAN SPACES IN THE BALL
Social demand functions in general equilibrium
THE T-COMPUTABLE SETS AND FUNCTIONS
Complicated Topological Structure of the Set of Equilibrium Prices
Demand functions and demand manifolds
Set functions
The equilibrium set of economies with a continuous consumption space
The Equilibrium
Equilibrium Limit Pricing: The Effects of Private Information and Stochastic Demand
A Method for Finding the Maximal Set in Excess Demand
The Profitability of Small Horizontal Mergers with Nonlinear Demand Functions
Import Demand Functions Revisited