Economics, Econometrics and Finance
4 years ago

Regular economies have finite equilibrium prices, impacting global market stability.

RePEc: Research Papers in Economics
Walras Equilibria: Finiteness and Local Stability
O. Nomia

Paper Summary

The article shows that in certain types of economies, there are a specific number of equilibrium prices if the demand function meets a certain condition. They also found that these types of economies are common and stable under normal circumstances.

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