Journal article icon

Journal article

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
Peer review status:
Peer reviewed

Actions


Access Document


Files:
Publisher copy:
10.1007/s00199-016-0987-y

Authors


More by this author
Institution:
University of Oxford
Division:
SSD
Department:
Economics
Role:
Author
Publisher:
Springer Berlin Heidelberg
Journal:
Economic Theory More from this journal
Volume:
66
Issue:
3
Pages:
763–786
Publication date:
2016-06-29
Acceptance date:
2016-06-13
DOI:
EISSN:
1432-0479
ISSN:
0938-2259
Keywords:
Pubs id:
pubs:631358
UUID:
uuid:fe68f257-593d-49e6-9f8b-e6a8a0a93785
Local pid:
pubs:631358
Source identifiers:
631358
Deposit date:
2016-06-30

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