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Some consequences of the unknottedness of the Walras correspondence |
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| Authors: | Stefano DeMichelis Fabrizio Germano |
| Institution: | a Dipartimento di Matematica, Università degli Studi di Pavia, 27100 Pavia, Italy;b CORE, 34, Voie du Roman Pays, 1348 Louvain-la-Neuve, Belgium;c Eitan Berglas School of Economics, Tel Aviv University, 69978 Tel Aviv, Israel |
| Abstract: | Two basic properties concerning the dynamic behavior of competitive equilibria of exchange economies with complete markets are derived essentially from the fact that the Walras correspondence has no knots. |
| Keywords: | Walras correspondence Competitive equilibrium Dynamics Unknottedness |
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