Sonnenschein–Mantel–Debreu theorem
GPTKB entity
Statements (18)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:economic_policy
|
| gptkbp:alsoKnownAs |
SMD theorem
|
| gptkbp:author |
gptkb:Rolf_Mantel
gptkb:Hugo_Sonnenschein gptkb:Gérard_Debreu |
| gptkbp:field |
general equilibrium theory
|
| https://www.w3.org/2000/01/rdf-schema#label |
Sonnenschein–Mantel–Debreu theorem
|
| gptkbp:implies |
Uniqueness and stability of equilibrium cannot be guaranteed by standard assumptions on individual preferences
|
| gptkbp:namedAfter |
gptkb:Rolf_Mantel
gptkb:Hugo_Sonnenschein gptkb:Gérard_Debreu |
| gptkbp:publishedIn |
1970s
|
| gptkbp:relatedTo |
gptkb:Arrow–Debreu_model
gptkb:Walrasian_equilibrium |
| gptkbp:sentence |
Aggregate excess demand functions can have almost any shape, even if individual preferences are well-behaved
|
| gptkbp:subjectOf |
microeconomic theory
|
| gptkbp:bfsParent |
gptkb:Hugo_Sonnenschein
|
| gptkbp:bfsLayer |
6
|