Title

Implications of Microeconomic Theory for Community Excess Demand Functions

Authors

Rolf R. Mantel

Document Type

Discussion Paper

Publication Date

11-1-1975

CFDP Number

409

CFDP Pages

24

Abstract

A series of results, related to Sonnenschein’s conjecture that Walras’ Law is the only significant restriction microeconomic theory imposes on community demand and excess demand functions are surveyed and extended. These results have important implications for general equilibrium theory, both in questions of existence and stability, and for empirical work.

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