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Equilibrium Theory in Veblen-Scitovsky Economies: Local Uniqueness, Stability and Existence

  • Peter J. Kalman
  • Kuan-Pin Lin
  • Hans Wiesmeth
Conference paper
Part of the Lecture Notes in Economics and Mathematical Systems book series (LNE, volume 159)

Abstract

The idea that prices influence preferences among commodity vectors goes back to the early works of Veblen [18] and Scitovsky [15]. More recently, Arrow and Hahn [3] 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 [14], Kalman [10]and Allingham and Morishima [2], among others.

Keywords

Utility Function Demand Function Weak Topology Local Uniqueness Inverse Limit 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer-Verlag Berlin Heidelberg 1978

Authors and Affiliations

  • Peter J. Kalman
  • Kuan-Pin Lin
  • Hans Wiesmeth

There are no affiliations available

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