An Example of a Trading Economy with Three Competitive Equilibria
Journal of Political Economy
1977
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 (4)
- Pages
- 873-875
- Language
- en
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