Equilibrium Theory in Veblen-Scitovsky Economies: Local Uniqueness, Stability and Existence
The idea that prices influence preferences among commodity vectors goes back to the early works of Veblen  and Scitovsky . More recently, Arrow and Hahn  formally considered a general equilibrium model for these types of consumers and proved the existence of a general equilibrium. From a comparative static viewpoint, these types of agents have been investigated by Samuelson , Kalman and Allingham and Morishima , among others.
KeywordsUtility Function Demand Function Weak Topology Local Uniqueness Inverse Limit
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