Abstract
General equilibrium models with a restriction on exchange are studied. Conditions guaranteeing that equilibrium prices of all agents are not equal to zero are discussed. A special choice of budget functions, which lead to existence of the equilibrium, is proposed. A comparison of the studied equilibrium with a proposed choice of budget functions and a common equilibrium for a market model with fixed prices is accomplished.
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Rubinov, A.M. Equilibrium with Restriction on Exchange. Cybernetics and Systems Analysis 38, 195–207 (2002). https://doi.org/10.1023/A:1016339311529
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DOI: https://doi.org/10.1023/A:1016339311529