论文标题
关于准线性经济体平衡价格的独特性和稳定性
On the Uniqueness and Stability of the Equilibrium Price in Quasi-Linear Economies
论文作者
论文摘要
在本文中,我们表明,如果每个经济中的每个消费者都具有准线性实用程序功能,那么归一化的平衡价格是独一无二的,并且相对于Tâtonnement过程在本地稳定。我们的研究可以看作是将部分均衡理论扩展到具有二维消费空间的经济体。此外,我们讨论了此类经济体中的盈余分析。
In this paper, we show that if every consumer in an economy has a quasi-linear utility function, then the normalized equilibrium price is unique, and is locally stable with respect to the tâtonnement process. Our study can be seen as that extends the results in partial equilibrium theory to economies with more than two dimensional consumption space. Moreover, we discuss the surplus analysis in such economies.