Asymptotical behavior of finite and possible discontinuous economies (Q2385118)
From MaRDI portal
scientific article
Language | Label | Description | Also known as |
---|---|---|---|
English | Asymptotical behavior of finite and possible discontinuous economies |
scientific article |
Statements
Asymptotical behavior of finite and possible discontinuous economies (English)
0 references
11 October 2007
0 references
Based on a former paper of the authors [J. Optimization Theory Appl. 120, No. 1, 181--197 (2004; Zbl 1090.91006)] it is shown, that special economies, the data of which depend in particular on an exogenous parameter, have the following convergence behavior: If a sequence of such parameter values converges to a limit point, then any convergent subsequence of approximate equilibria of economies associated to the parameter sequence converges too and the limit point is an exact equilibrium of the economy associated to the limit point of the parameter sequence. Supplementing remarks on preferences and utilities are added.
0 references
sequential pseudocontinuity
0 references
approximate competitive equilibrium
0 references