supported by National Natural Science Foundation of China(70825003 and 70972001);National Social Science Foundation of China(07AJL002);Arts and Humanities Program of Essential Research Foundation of Beihang University(YWF-11-06-007)
This paper explores the existence of multiple equilibria for symmetric 3 indi- vidual, 2 good CES / LES pure exchange economies. Analytically, we show that there are no more than 5 equilibria in such economies. The nu...
Supported by National Social Science Foundation of China 2007(07AJL002);National Natural Science Foundation of China(70825003, 70972001)
This paper explores the existence of 3 equilibria for symmetric 2-individual 2-good CES/LES pure exchange economies. For certain parameterizations in the economies, we show analytically that there are no more than 3 e...