<Emphasis Type="DoubleUnderline">Continuity of the Walras Correspondence for</Emphasis> C° <Emphasis Type="DoubleUnderline">Demand Functions</Emphasis>

Egbert Dierker

doi:10.1007/978-3-642-65800-6_8

Topological Methods in Walrasian Economics pp 73-88 | Cite as

Continuity of the Walras Correspondence for C° Demand Functions

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Egbert Dierker

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Part of the Lecture Notes in Economics and Mathematical Systems book series (LNE, volume 92)

Abstract

An economic model in which an arbitrarily small change of the parameters causes a drastic change of the solution set seems to be of little explanatory value , because an accurate observation of the economic parameters is impossible . Therefore one is led to study continuity properties of the Walras correspondence .

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Demand Function Price Equilibrium Hausdorff Distance Excess Demand Initial Endowment

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Egbert Dierker
- 1

1.Wirtschaftstheoretische AbteilungInst, für Gesellschafts- und WirtschaftswissenschaftenBonnGermany