The excess utility functions and the welfare adjustment process
The-Excess.pdf (289.3Kb)Abstract
This paper introduces the excess utility functions which are shown to have all the properties the excess demand functions have. Then, these functions are used to simplify the proofs of existing results about the stability of the welfare adjustment process.
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Artículo de publicación ISI Artículo de publicación SCOPUS
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URI: https://repositorio.uchile.cl/handle/2250/151338
DOI: 10.1016/0165-1765(88)90042-0
ISSN: 0165-1765
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Economics Letters Volume 26, Issue 1, 1988, Pages 1-5
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