Working paper icon

Working paper

Sensitivity analysis of boundary equilibria

Abstract:
This paper studies the sensitivity of economic equilibria to perturbations when the implicit function theorem cannot be applied on account of the presence of boundaries. It presents results from the mathematical programming literature which provide conditions under which equilibria are robust to perturbation and are locally unique Lipschitz-continuous functions of parameters. Economic applications include search equilibrium, Cournot equilibrium and general equilibrium.
Publication status:
Published

Actions


Access Document


Files:

Authors


Publisher:
University of Oxford
Series:
Department of Economics Discussion Paper Series
Publication date:
2015-10-05
Paper number:
762
Keywords:
Pubs id:
1143636
Local pid:
pubs:1143636
Deposit date:
2020-12-15

Terms of use


Views and Downloads






If you are the owner of this record, you can report an update to it here: Report update to this record

TO TOP