Econometrica: Mar, 1971, Volume 39, Issue 2

Some Basic Problems on Excess Demand Functions

https://www.jstor.org/stable/1913347
p. 305-307

Ryosuke Hotaka

This note examines carefully the basic problems of excess demand functions that appeared in the paper "On the Stability of the Competitive Equilibrium, II" by K. J. Arrow, H. D. Block, and Leonid Hurwicz [1]. It attempts to show that nearly the same results can be obtained after some modifications of the assumptions and the methods of proof of lemmas.

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