CONSTRUCTING EXAMPLES WITH 5 EQUILIBRIA FOR SYMMETRIC 3×2 CE
发布时间：2022-02-17 17:59
This paper explores the existence of multiple equilibria for symmetric 3 individual,2 good CES /LES pure exchange economies.Analytically,we show that there are no more than 5 equilibria in such economies.The number of equilibria varies from 5 to 3 then to 1.We generalize our analytical results of existence of 1,3,5 equilibria for a wide range of parametrizations.We also provide concrete examples of 1,3,5 equilibria with parameter zones specified.
【文章来源】：Acta Mathematica Scientia. 2012,32(06)SCICSCD
【文章页数】：20 页
【文章目录】：
1 Introduction
2 Constructing 3×2 CES/LES Pure Exchange Economies with Multiple Equilibria
2.1 The Case ofσ1
2.2 The Case ofσ1
3 Concluding Remarks
Appendix The Central Role ofα3 in Determining Multiple Equilibria
【参考文献】：
期刊论文
[1]Exploring multiple equilibria for symmetric 2×2 CES/LES pure exchange economies[J]. SHI Xiao-jun1 ZHANG Shun-ming21 School of Economics and Management, Beijing University of Aeronautics and Astronautics, Beijing 100191, China 2 China Financial Policy Research Center, Renmin University of China, Beijing 100872, China. Applied Mathematics:A Journal of Chinese Universities（Series B）. 2010(02)
本文编号：3629860
【文章来源】：Acta Mathematica Scientia. 2012,32(06)SCICSCD
【文章页数】：20 页
【文章目录】：
1 Introduction
2 Constructing 3×2 CES/LES Pure Exchange Economies with Multiple Equilibria
2.1 The Case ofσ1
2.2 The Case ofσ1
3 Concluding Remarks
Appendix The Central Role ofα3 in Determining Multiple Equilibria
【参考文献】：
期刊论文
[1]Exploring multiple equilibria for symmetric 2×2 CES/LES pure exchange economies[J]. SHI Xiao-jun1 ZHANG Shun-ming21 School of Economics and Management, Beijing University of Aeronautics and Astronautics, Beijing 100191, China 2 China Financial Policy Research Center, Renmin University of China, Beijing 100872, China. Applied Mathematics:A Journal of Chinese Universities（Series B）. 2010(02)
本文编号：3629860
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