Since 2014
Stability of the edgeworth process with firms but no production
Brazilian Review of Econometrics
View Archive Info| Field | Value | |
| Title |
Stability of the edgeworth process with firms but no production
Stability of the edgeworth process with firms but no production |
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| Creator |
Saldanha, Fernando M.C.B.
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| Subject |
—
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| Description |
In this paper an Edgeworth Process for economies with firmsis defined, and its stability is proved. The process constrains trade to occur if and only if there is, at the given prices, a trade that increases the sum of utilities and profits without decreasing the utility of a household or the profits of a firm. A proof of convergence of prices to an equilibrium price vector is provided.
In this paper an Edgeworth Process for economies with firmsis defined, and its stability is proved. The process constrains trade to occur if and only if there is, at the given prices, a trade that increases the sum of utilities and profits without decreasing the utility of a household or the profits of a firm. A proof of convergence of prices to an equilibrium price vector is provided. |
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| Publisher |
Sociedade Brasileira de Econometria
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| Date |
1986-04-01
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — — |
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| Format |
application/pdf
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| Identifier |
http://bibliotecadigital.fgv.br/ojs/index.php/bre/article/view/3120
10.12660/bre.v6n11986.3120 |
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| Source |
Brazilian Review of Econometrics; Vol 6, No 1 (1986); 79-107
Brazilian Review of Econometrics; Vol 6, No 1 (1986); 79-107 1980-2447 |
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| Language |
eng
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| Relation |
http://bibliotecadigital.fgv.br/ojs/index.php/bre/article/view/3120/2016
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