Econometrica: Nov 1977, Volume 45, Issue 8

Continuity of Equilibria for Production Economies: New Results

https://doi.org/0012-9682(197711)45:8<1777:COEFPE>2.0.CO;2-G
p. 1777-1796

Gerard Fuchs

It has already been proven that when production is described by differentiable supply functions, the equilibrium correspondence is continuous for "most" economies [7 and 8]. The present paper generalizes this result to situations where production activities are described through a certain class of correspondences: namely, those which have a smooth graph and are such that the profit function is differentiable.

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