Comparative statics and welfare theorems when goods are normal.
We examine the impact of the normality assumption, together with the weak axiom, in three related areas of general equilibrium theory. Most obviously, these properties have important implications for equilibrium comparative statics, in the context of exchange, production or (incomplete) financial ec...
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| Format: | Working paper |
| Language: | English |
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Nuffield College (University of Oxford)
2001
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