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Continuity Properties of Walras Equilibrium Points

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Abstract

We explore convergence notions for bivariate functions that yield convergence and stability results for their max/inf points. The results are then applied to obtain continuity results for Walras equilibrium points under perturbations of the utility functions of the agents.

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Authors and Affiliations

  1. Ingeneria Matematica, Universidad de Chile, Santiago, Chile

    Alejandro Jofré

  2. Department of Mathematics, University of California, Davis, USA

    Roger J.-B. Wets

Authors
  1. Alejandro Jofré
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  2. Roger J.-B. Wets
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Jofré, A., Wets, R.JB. Continuity Properties of Walras Equilibrium Points. Annals of Operations Research 114, 229–243 (2002). https://doi.org/10.1023/A:1021022522035

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