Continuous Mean Demai\jd Functions Derived from Non-convex Preferences*
نویسندگان
چکیده
In this paper we show that for a largsubset of utility functions in the space of all C’ urihty functions and for all prices the mean demand of those consumers whose taste is represented by a given utility function in that subset is uniquely determined. This implies that for a large set of economies mean demand is a continuous function. Our analysis uses derivatives of first and of higher order. The result is essentially a consequence of the multijst transversality theorem.
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