Arbeitspapier
Walrasian Equilibria in a Production Economy with Indivisibilities
This paper studies a production economy with indivisibilities. We provide a characterization for all Walraian equilibria and a necessary and sufficient condition for the existence of Walrasian equilibrium. We find a sufficient condition for every descening (ascending) price process to converge to a Walrasian equilibrium within finite periods of time.
- Language
-
Englisch
- Bibliographic citation
-
Series: Working Paper ; No. 1997-12
- Classification
-
Wirtschaft
Market Structure, Pricing, and Design: Perfect Competition
- Subject
-
Walrasian Equilibrium
- Event
-
Geistige Schöpfung
- (who)
-
Ma, Jinpeng
- Event
-
Veröffentlichung
- (who)
-
Rutgers University, Department of Economics
- (where)
-
New Brunswick, NJ
- (when)
-
1997
- Handle
- Last update
-
10.03.2025, 11:45 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Ma, Jinpeng
- Rutgers University, Department of Economics
Time of origin
- 1997
Other Objects (12)
Indeterminacy and multiplicity of equilibria in a two-sector economy with a public-sector production
Monetary equilibria in a Baumol-Tobin economy
Monetary equilibria in a cash-in-advance economy with incomplete financial markets
Stable Sunspot Equilibria in a Cash-in-Advance Economy
Existence of bubbly equilibria in overlapping generations models with stochastic production
An Algorithm for Computing Equilibria in a Linear Monetary Economy
Climate policy, technology choice, and multiple equilibria in a developing economy
Intertemporal equilibria with knightian uncertainty
Separating Equilibria with Imperfect Certification
Correlated Equilibria with Payoff Uncertainty
Efficient competitive equilibria with adverse selection
Communication Equilibria with Large State Spaces
Indeterminacy and multiplicity of equilibria in a two-sector economy with a public-sector production
Monetary equilibria in a Baumol-Tobin economy
Monetary equilibria in a cash-in-advance economy with incomplete financial markets
Stable Sunspot Equilibria in a Cash-in-Advance Economy
Existence of bubbly equilibria in overlapping generations models with stochastic production
An Algorithm for Computing Equilibria in a Linear Monetary Economy
Climate policy, technology choice, and multiple equilibria in a developing economy
Intertemporal equilibria with knightian uncertainty
Separating Equilibria with Imperfect Certification
Correlated Equilibria with Payoff Uncertainty
Efficient competitive equilibria with adverse selection
Communication Equilibria with Large State Spaces
Indeterminacy and multiplicity of equilibria in a two-sector economy with a public-sector production
Monetary equilibria in a Baumol-Tobin economy
Monetary equilibria in a cash-in-advance economy with incomplete financial markets
Stable Sunspot Equilibria in a Cash-in-Advance Economy
Existence of bubbly equilibria in overlapping generations models with stochastic production
An Algorithm for Computing Equilibria in a Linear Monetary Economy
Climate policy, technology choice, and multiple equilibria in a developing economy
Intertemporal equilibria with knightian uncertainty
Separating Equilibria with Imperfect Certification
Correlated Equilibria with Payoff Uncertainty
Efficient competitive equilibria with adverse selection