COWLES FOUNDATION FOR RESEARCH IN ECONOMICS
AT YALE UNIVERSITY

Box 208281
New Haven, CT 06520-8281

COWLES FOUNDATION DISCUSSION PAPER NO. 409

"Implications of Microeconomic Theory for Community Excess Demand Functions"

Rolf R. Mantel

1975

A series of results, related to Sonnenschein’s conjecture that Walras’ Law is the only significant restriction microeconomic theory imposes on community demand and excess demand functions are surveyed and extended. These results have important implications for general equilibrium theory, both in questions of existence and stability, and for empirical work.

See CFP 451