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Market demand and comparative statics when goods are normal.

Abstract:
This paper examines the impact of the normality assumption on the structure of market demand and on general equilibrium comparative statics. We define a new notion of comparative statics which is fundamentally related to normality and examine its incidence in exchange, production and financial economies.

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Authors


John K.-H. Quah More by this author
Journal:
Journal of Mathematical Economics
Volume:
39
Issue:
3-4
Publication date:
2003
DOI:
URN:
uuid:bfc9970d-63f8-4ee0-ae01-28cd173b7382
Local pid:
oai:economics.ouls.ox.ac.uk:14835
Language:
English

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