Cobb-Douglas Exchange Economies

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Somdeb Lahiri

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Jan 17, 2024, 4:10:42 AM1/17/24
to microecono...@googlegroups.com, Elisabeth Gugl, Ratul Lahkar, justin leroux, Debkumar Chakrabarti, Santanu Gupta, Subhadip Chakrabarti
Comments on the document available at the link below would be most welcome and thankfully acknowledged. 

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Somdeb Lahiri

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Jan 29, 2024, 9:58:59 AM1/29/24
to microecono...@googlegroups.com, Elisabeth Gugl, Ratul Lahkar, justin leroux, Debkumar Chakrabarti, Santanu Gupta, Subhadip Chakrabarti, Amit Goyal
Is the proof here about the existence of equilibria for "Linear Exchange" economies correct? 
If so, it is much simpler than that of BC Eaves.
From my reading and understanding of the paper, it seems to me that what the author really wants to say in the first sentence of the first Remark in section 1, is that the strong assumptions about C and W are not required for the validity of the results that follow. The "perturbation" arguments that he refers to are often misleading, although they may be correct in the present context. I personally am very comfortable with his assumptions.
Would be helpful if someone answered my query.
Regards.

somdeb...@gmail.com

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Feb 10, 2024, 9:11:47 AM2/10/24
to Microeconomic Theory
In the document available at the link below I am proposing a non-behavioral model of trade in monetary assets and sufficient conditions for the existence of an equilibrium price vector that is unique up to multiplication by a positive scalar.


Request your comments on the same.
Thanks and regards. 

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