Asymptotical behavior of finite and possible discontinuous economies

DOI10.1007/S00199-006-0188-1MaRDI QIDQ2385118zbMATH OpenOpenAlexFDO

Authors Jacqueline Morgan, Vincenzo Scalzo

Publication date 11 October 2007

Published in Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/s00199-006-0188-1

zbMATH Keywords

approximate competitive equilibriumsequential pseudocontinuity

Mathematics Subject Classification ID

Special types of economic equilibria (91B52) Special types of economic markets (including Cournot, Bertrand) (91B54)

Review text

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.

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Cited in

(6)

• Discrete representations of a continuum economy
• scientific article; zbMATH DE number 4156146 (Why is no real title available?)
• VARIATIONAL STABILITY OF SOCIAL NASH EQUILIBRIA
• Economic yoyos and Becker's Rotten Kid theorem
• scientific article; zbMATH DE number 2157165 (Why is no real title available?)
• Asymptotic properties of a Leontief economy

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