Testable restrictions on the equilibrium manifold under random preferences
Borradores de Economía; No. 233
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2003-03-12Date of last update
2003-03-12Author
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Las opiniones contenidas en el presente documento son responsabilidad exclusiva de los autores y no comprometen al Banco de la República ni a su Junta Directiva.
Abstract
General equilibrium theory was criticized for its apparent irrefutability, as seemingly implied by the Sonnenschein-Mantel-Debreu theorem. This view was challenged by Brown and Matzkin (1996), who showed the existence of testable restrictions on the equi
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https://repositorio.banrep.gov.co/handle/20.500.12134/5251https://hdl.handle.net/20.500.12134/5251
https://doi.org/10.32468/be.233
https://ideas.repec.org/p/bdr/borrec/233.html
https://ideas.repec.org/p/col/000094/001899.html
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