期刊名称：CORE Discussion Papers / Center for Operations Research and Econometrics (UCL), Louvain
出版年度：2000
卷号：2000
出版社：Center for Operations Research and Econometrics (UCL), Louvain
摘要：The fundamentals of an exchange economy, the preferences of individuals,
can be identified from the competitive equilibrium correspondence, which asso-
ciates equilibrium prices of commodities to allocations of endowments; the argu-
ment extends to production economies. The essential step is the identification of
fundamentals from aggregate demand as a function of the prices of commodities
and the distribution of income. The graph of the equilibrium correspondence or
of the aggregate demand function satisfy non - trivial restrictions. The identi-
fication of fundamentals allows for the prediction of the response of individuals
and the economy to changes in the organization of production and exchange,
while restrictions on the equilibrium correspondence or the aggregate demand
function imply that general equilibrium theory has testable implications.
