Journal Of The Econometric Society

An International Society for the Advancement of Economic
Theory in its Relation to Statistics and Mathematics

Edited by: Guido W. Imbens • Print ISSN: 0012-9682 • Online ISSN: 1468-0262

Econometrica: Apr, 1954, Volume 22, Issue 2

On Equilibrium in Graham's Model of World Trade and Other Competitive Systems<147:OEIGMO>2.0.CO;2-K
p. 147-161

Lionel McKenzie

The existence and uniqueness of competitive equilibrium in Graham's model of international trade is proved by using Kakutani's fixed point theorem. The method of this proof is sufficiently general that it may be applied to other competitive models in which Graham's restrictive assumptions have been considerably relaxed.

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