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The equilibrium manifold keeps the memory of individual demand functions

Balasko, Y. (2004) The equilibrium manifold keeps the memory of individual demand functions. Economic Theory, 24 ( 3). pp. 493-501. ISSN 0938-2259

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It is shown that the property that the equilibrium manifold keeps the memory of the individual demand functions holds true if every individual demand function satisfies the following three properties: 1) It is a function of commodity prices and of consumers income; 2) Consumption belongs to the nonnegative orthant of the commodity space; 3) Walras law. Neither differentiability nor continuity are necessary. In addition, the demand functions do not have to be utility maximizing subject to budget constraints.

Item Type: Article
Institution: The University of York
Academic Units: The University of York > Economics and Related Studies (York)
Depositing User: York RAE Import
Date Deposited: 05 Jun 2009 11:03
Last Modified: 05 Jun 2009 11:03
Published Version: http://dx.doi.org/10.1007/s00199-004-0473-9
Status: Published
Publisher: Springer Science + Business Media
Identification Number: 10.1007/s00199-004-0473-9
URI: http://eprints.whiterose.ac.uk/id/eprint/6003

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