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发帖数: 42 | 1 Q: Because of the Walras Law,we can place price vector on a simplex in general
equilibrium analysis.
Is it true? If it is,then how can I explain it? I don't know how to connect
Walras Law with Price simplex. I know in order to prove the existence of
Walras Law,Varian uses pice simplex theory.
Thanks a lot!!! | f******e
发帖数: 10 | 2 Actually, I am not so sure about your question. As I know, price simplex is
used as a condition of Walras Law. But it is also used to prove the the
existence of Walrasian Equilibrium independently. I don't see very clearly
about the cause-effect relationship between Walras law and the use of price
vector simplex, that's why I am inclined to say that the statement is false.
connect |
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