Boundary Behaviour of Equilibria for Linear Exchange Economies
Journal of convex analysis, Tome 12 (2005) no. 2, pp. 465-476
Voir la notice de l'article provenant de la source Heldermann Verlag
We study the Walras equilibrium price function of a linear exchange economy. We show that it is locally Lipschitz with respect to utility functions and initial endowments on the relative interior of the set of parameters where the price is unique. We also prove that it is never locally Lipschitz on the boundary. This extend previous result of J. M. Bonnisseau, M. Florig and A. Jofré [J. Optimization Theory Applications 109 (2001) 237--263, 264--288].
Classification :
90C31, 91B42, 91B50
Mots-clés : Walras equilibrium, linear utility functions, sensitivity, Lipschitz
Mots-clés : Walras equilibrium, linear utility functions, sensitivity, Lipschitz
@article{JCA_2005_12_2_JCA_2005_12_2_a14,
author = {J.-M. Bonnisseau and M. Florig},
title = {Boundary {Behaviour} of {Equilibria} for {Linear} {Exchange} {Economies}},
journal = {Journal of convex analysis},
pages = {465--476},
publisher = {mathdoc},
volume = {12},
number = {2},
year = {2005},
url = {http://geodesic.mathdoc.fr/item/JCA_2005_12_2_JCA_2005_12_2_a14/}
}
TY - JOUR AU - J.-M. Bonnisseau AU - M. Florig TI - Boundary Behaviour of Equilibria for Linear Exchange Economies JO - Journal of convex analysis PY - 2005 SP - 465 EP - 476 VL - 12 IS - 2 PB - mathdoc UR - http://geodesic.mathdoc.fr/item/JCA_2005_12_2_JCA_2005_12_2_a14/ ID - JCA_2005_12_2_JCA_2005_12_2_a14 ER -
J.-M. Bonnisseau; M. Florig. Boundary Behaviour of Equilibria for Linear Exchange Economies. Journal of convex analysis, Tome 12 (2005) no. 2, pp. 465-476. http://geodesic.mathdoc.fr/item/JCA_2005_12_2_JCA_2005_12_2_a14/