Journal of Political Economy Vol. 85 No. 4 1977
An Example of a Trading Economy with Three Competitive Equilibria
Abstract
This brief note is presented as a convenience for those who wish to see what an actual numerical example of a smooth trading economy with multiple equilibria looks like in terms of an Edgeworth box diagram. The authors present a two trader two commodity example in terms of a fanciful exchange between two kinds of money.
- DOI
- 10.1086/260607
- Volume
- 85
- Issue
- 4
- Pages
- 873-875
- Language
- en
- Sources
- openalex crossref