• Title of article

    Monotonicity of equilibrium prices with respect to aggregate resources

  • Author/Authors

    Christophe Préchac، نويسنده ,

  • Issue Information
    روزنامه با شماره پیاپی سال 1998
  • Pages
    4
  • From page
    63
  • To page
    66
  • Abstract
    In the pure exchange general equilibrium framework, we show that monotonicity of relative prices of equilibrium selections with respect to small movements of aggregate resources is only obtained when all consumers have identical homothetic and MRS-monotone preferences.
  • Keywords
    General equilibrium: Monotonicity: Comparative statics
  • Journal title
    Economics Letters
  • Serial Year
    1998
  • Journal title
    Economics Letters
  • Record number

    434588

    • Link To Document
    https://search.isc.ac/dl/search/defaultta.aspx?DTC=10&DC=434588