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Close Economies

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Book cover Theory of Markets
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Abstract

As we have seen, the properties of the equilibrium price set, even in regular economies, are exhausted by the index sum requirement. Thus to obtain stronger results — for example, to show that equilibrium is unique — we must restrict the space of economies significantly, that is to say we must exclude a set of economies of positive measure.

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© 1989 Michael Allingham

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Allingham, M. (1989). Close Economies. In: Theory of Markets. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-10265-5_6

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