Simple economies with multiple equilibria

DOI10.2202/1935-1704.1609MaRDI QIDQ3573094zbMATH OpenOpenAlexFDO

Authors Theodore C. Bergstrom, Ken-Ichi Shimomura, Takehiko Yamato

Publication date 30 June 2010

Published in The B.E. Journal of Theoretical Economics (Search for Journal in Brave)

Full work available at URL https://escholarship.org/uc/item/6qv909xs

zbMATH Keywords

comparative staticscompetitive equilibriummultiple equilibriaquasi-linear utilityShapley-Shubik economy

Mathematics Subject Classification ID

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

Recommendations

• Multiplicity of equilibria
• Exploring multiple equilibria for symmetric \(2\times 2\) CES/LES pure exchange economies
• Multiplicity of Equilibria and Comparative Statics
• scientific article; zbMATH DE number 4123479
• Constructing examples with 5 equilibria for symmetric 3 2 CES/LES pure exchange economies

Cites work

• A computational analysis of core convergence in a multiple equilibria economy.

Cited in

(10)

• Computing all of the equilibria of economies with two factors of production
• Multiplicity of equilibria
• Economies with many commodities
• Economies with price-dependent preferences.
• Offer curves and uniqueness of competitive equilibrium
• Market selection with an endogenous state
• A dynamic for production economies with multiple equilibria
• Constructing examples with 5 equilibria for symmetric 3 2 CES/LES pure exchange economies
• Exploring multiple equilibria for symmetric \(2\times 2\) CES/LES pure exchange economies
• Multiple equilibrium under CES preferences

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