Constructing examples with 5 equilibria for symmetric 3 2 CES/LES pure exchange economies

DOI10.1016/S0252-9602(12)60189-1zbMATH Open1289.91113MaRDI QIDQ376892FDOQ376892

Authors: Xiaojun Shi, Shunming Zhang, Hui Huang 

Publication date: 19 November 2013

Published in: Acta Mathematica Scientia. Series B. (English Edition) (Search for Journal in Brave)

Recommendations

• Exploring multiple equilibria for symmetric \(2\times 2\) CES/LES pure exchange economies
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• Multiplicity of equilibria
• Multiple equilibrium under CES preferences
• Constructing pure-exchange economies with many equilibria

zbMATH Keywords

multiple equilibriaCES/LES utility function

Mathematics Subject Classification ID

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

Cited In (3)

• Exploring multiple equilibria for symmetric \(2\times 2\) CES/LES pure exchange economies
• Simple economies with multiple equilibria
• Multiple equilibrium under CES preferences

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