Uniqueness and stability of equilibrium in economies with two goods

DOI10.1016/J.JET.2017.12.005MaRDI QIDQ1701033zbMATH OpenOpenAlexFDO

Authors Kieran James Walsh, John D. Geanakoplos

Publication date 22 February 2018

Published in Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL https://cowles.yale.edu/sites/default/files/files/pub/d20/d2050.pdf

zbMATH Keywords

absolute risk aversionDiamond-Dybvig modelsexcess demand functionsstability of equilibriumuniqueness of equilibrium

Mathematics Subject Classification ID

Utility theory (91B16) General equilibrium theory (91B50)

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Cites work

• A theory of liquidity and regulation of financial intermediation
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• Excess demand functions
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• Homotheticity and the Aggregation of Consumer Demands
• scientific article; zbMATH DE number 3827523 (Why is no real title available?)
• scientific article; zbMATH DE number 19474 (Why is no real title available?)
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• Inefficient liquidity provision
• Market Excess Demand Functions
• Microeconomic theory
• On the Stability of the Competitive Equilibrium, I
• The Stability of a Competitive Economy: A Survey Article

Cited in

(12)

• Existence, uniqueness, and stability of equilibrium in an OLG economy
• Normality of demand in a two-goods setting
• Offer curves and uniqueness of competitive equilibrium
• Uniqueness of equilibrium in a Bewley-Aiyagari model
• On efficiency and local uniqueness in two-sector OLG economies
• A new approach to the uniqueness of equilibrium with CRRA preferences
• Risk aversion and uniqueness of equilibrium in economies with two goods and arbitrary endowments
• Recent advances on uniqueness of competitive equilibrium
• On the convergence criterion in three-period lived overlapping generations models
• Endowments, patience types, and uniqueness in two-good HARA utility economies
• Sorting and global uniqueness in two-good HARA economies with many patience types
• Quasiconvex aggregate demand and fourth-order price effect: unique equilibrium

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