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Some Basic Problems on Excess Demand Functions
Ryosuke Hotaka
Abstract
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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