Econometrica Vol. 45 No. 8 1977
Continuity of Equilibria for Production Economies: New Results
Abstract
[It has already been proven that when production is described by differentiable supply functions, the equilibrium correspondence is continuous for "most" economies [7 and 8]. The present paper generalizes this result to situations where production activities are described through a certain class of correspondences: namely, those which have a smooth graph and are such that the profit function is differentiable.]
- DOI
- 10.2307/1914110
- Volume
- 45
- Issue
- 8
- Pages
- 1777
- Sources
- bibtex:phds-export.bib openalex crossref