Testable restrictions of general equilibrium theory in exchange economies with externalities
Borradores de Economía; No. 231
Date published
2003-02-18Date of last update
2003-02-18Document language
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Abstract
The theory of general equilibrium was criticized for its apparent lack of testable implications, as seemingly implied by the results of Sonnenschein, Mantel and Debreu in the Seventies. This view was challenged by the results of Brown and Matzkin (1996),
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https://repositorio.banrep.gov.co/handle/20.500.12134/5249https://hdl.handle.net/20.500.12134/5249
https://doi.org/10.32468/be.231
https://ideas.repec.org/p/bdr/borrec/231.html
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