Continuity and uniqueness of equilibria for linear exchange economies (Q5949884)

The paper under review deals with a model of a linear exchange economy, i.e., an economy with agents having preferences representable by linear utility functions. It is connected with the authors' sequel paper [ibid. 109, 265-288 (2001; Zbl 0992.91063)]. The attention is focused to the properties of equilibrium prices and initial endowment. Namely, the situations in which the sets of these prices are unique for a given allocation are characterized. It is shown that the equilibrium allocation correspondence is continuous with respect to the initial endowment. The set of full measure where the equilibrium allocation correspondence is continuous, is characterized.