Artículos de revistas
The excess utility functions and the welfare adjustment process
Fecha
1988Registro en:
Economics Letters Volume 26, Issue 1, 1988, Pages 1-5
0165-1765
10.1016/0165-1765(88)90042-0
Autor
Serra Banfi, Pablo
Institución
Resumen
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.