Econometrica: Sep 1973, Volume 41, Issue 5

On the Uniqueness of Competitive Equilibrium: Part I, Unbounded Demand

https://doi.org/0012-9682(197309)41:5<817:OTUOCE>2.0.CO;2-X
p. 817-828

I. F. Pearce, J. Wise

This paper is concerned with general equilibrium under a weakened version of Walras' Law. Conditions for uniqueness of equilibrium are derived which include the more standard conditions as a special case and which are at the same time free of some of the weaknesses of received theory.

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