中文版  E-mail    
   Home    |   Introduction    |   Research    |   Faculty    |   Journals    |   Studies    |   Mobile Post-Doctoral Stations    |   Forums    |   Graduate Education    |   Cooperation   
Bulletin Board more ;
Links  
The Wang Yanan Institute for Studies in Economics,XMU
The School of Economics of Xiamen University
Zhejiang University College of Economics
School of Economics and Management of NWU
School of Economics and Management of Tsinghua University
Economics and Management School of WHU
The School of Economics of SHUFE
Contact us  
Add:Center For Economic Research,Shandong University,27 Shanda Nanlu,Jinan,P.R.China
Zip:250100
Tel:0531-88364000
Fax:0531-88364000
E-Mail:shiying@sdu.edu.cn
Current Position: English >> Studies >> Working Papers >> 正文
A New Approach for General Equilibrium with Discontinuous Excess Demand Function
Updat:Oct 26, 2007   Author:lj   Click:[]

Abstract

•Traditional ways to prove the existence of general equilibrium have to entail a common condition that theexcess demand function must be continuous. This paper presents a new approach to change it. The technique usedin this paper is that we tackle general equilibrium problem, which in fact is a static nonlinear programmingproblem, with dynamic programming. By this technique, it is strictly proven that general equilibrium withdiscontinuous excess demand function still exists. (JEL: B41, C61, C62, D51)

Keywords: existence of general equilibrium, nonconvexity, discontinuous

Last:Introduction to Predominant Studies in CER, Shandong University Next:The report on visiting study experience in the U.S.A. ----Professor Chen Kunting

CLOSE

Copyright(c)ShanDong University Directory Enquiries:(86)-531-88395114 Tel:86-531-88364128/88364000
Copyright 2004-2006 The Center For Economic Research Shandong University
Address:Center for Economic Research,Shandong University,Shanda NanRoad 27#,Jinan,P.R.China. Zip:250100 Fax:86-531-88364981