Sensitivity analysis of boundary equilibria
This paper studies the sensitivity of economic equilibria to perturbations when the implicit function theorem cannot be applied on account of the presence of boundaries. It presents results from the mathematical programming literature which provide conditions under which equilibria are robust to per...
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| Format: | Working paper |
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University of Oxford
2015
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| _version_ | 1826261697486127104 |
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| author | Beggs, A |
| author_facet | Beggs, A |
| author_sort | Beggs, A |
| collection | OXFORD |
| description | This paper studies the sensitivity of economic equilibria to perturbations when the implicit function theorem cannot be applied on account of the presence of boundaries. It presents results from the mathematical programming literature which provide conditions under which equilibria are robust to perturbation and are locally unique Lipschitz-continuous functions of parameters. Economic applications include search equilibrium, Cournot equilibrium and general equilibrium. |
| first_indexed | 2024-03-06T19:25:25Z |
| format | Working paper |
| id | oxford-uuid:1b886397-8ee9-4525-8d11-dedf43f64798 |
| institution | University of Oxford |
| last_indexed | 2024-03-06T19:25:25Z |
| publishDate | 2015 |
| publisher | University of Oxford |
| record_format | dspace |
| spelling | oxford-uuid:1b886397-8ee9-4525-8d11-dedf43f647982022-03-26T11:00:54ZSensitivity analysis of boundary equilibriaWorking paperhttp://purl.org/coar/resource_type/c_8042uuid:1b886397-8ee9-4525-8d11-dedf43f64798Symplectic ElementsBulk import via SwordUniversity of Oxford2015Beggs, AThis paper studies the sensitivity of economic equilibria to perturbations when the implicit function theorem cannot be applied on account of the presence of boundaries. It presents results from the mathematical programming literature which provide conditions under which equilibria are robust to perturbation and are locally unique Lipschitz-continuous functions of parameters. Economic applications include search equilibrium, Cournot equilibrium and general equilibrium. |
| spellingShingle | Beggs, A Sensitivity analysis of boundary equilibria |
| title | Sensitivity analysis of boundary equilibria |
| title_full | Sensitivity analysis of boundary equilibria |
| title_fullStr | Sensitivity analysis of boundary equilibria |
| title_full_unstemmed | Sensitivity analysis of boundary equilibria |
| title_short | Sensitivity analysis of boundary equilibria |
| title_sort | sensitivity analysis of boundary equilibria |
| work_keys_str_mv | AT beggsa sensitivityanalysisofboundaryequilibria |