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An Equivalence Principle for Perfectly Competitive Economies

✍ Scribed by Pradeep Dubey; Abraham Neyman

Book ID
112257653
Publisher
Elsevier Science
Year
1997
Tongue
English
Weight
457 KB
Volume
75
Category
Article
ISSN
0022-0531

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πŸ“œ SIMILAR VOLUMES

An extremum principle for parabolic comp
An extremum principle for parabolic competition
✍ ZoltΓ‘n Varga; EΓΆrs SzathmΓ‘ry πŸ“‚ Article πŸ“… 1997 πŸ› Springer 🌐 English βš– 562 KB

Parabolic growth invariably results in the survival of all competing types. Under the constraint of constant total concentration, there is a unique equilibrium in the simplex interior, which is asymptotically stable inside the whole simplex. The appropriate Lyapunov function is obtained in terms of