A Hypothesis Guaranteeing the Weak Weak Axiom

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Data di Pubblicazione:
2005
Citazione:
Brighi, Luigi e John, R.. "A Hypothesis Guaranteeing the Weak Weak Axiom" Working paper, MATERIALI DI DISCUSSIONE, Dipartimento di Economia Politica - Università di Modena e Reggio Emilia, 2005. https://doi.org/10.25431/11380_634624
Abstract:
The Weak Weak Axiom (WWA) for the aggregate excess demand function ensures uniqueness of equilibrium in regular economies. Jerison (1999) shows that the WWA holds if the excess demand satisfies the hypothesis of Nondecreasing Dispersion of Excess Demand (NDED). This note offers a new hypothesis guaranteeing that the WWA holds and suggests a new way for obtaining supporting empirical evidence.
Tipologia CRIS:
Working paper
Keywords:
Weak axiom of revealed preference; Nondecreasing dispersion of excess demand; Uniqueness of equilibrium
Elenco autori:
Autori di Ateneo:
Link alla scheda completa:
https://iris.unimore.it/handle/11380/634624
Link al Full Text:
Pubblicato in:
MATERIALI DI DISCUSSIONE
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