Cambridge University Press, 1985. - 140 pages.
One of the problems in economics to which economists have devoted a considerable amount of attention in recent years has been to ensure consistency in the models they employ. Assuming markets to be generally in some state of equilibrium, it must be asked under what circumstances such an equilibrium is possible. The fundamental mathematical tools used to address this conce are fixed point theorems. These outline the conditions under which sets of assumptions have a solution.
One of the problems in economics to which economists have devoted a considerable amount of attention in recent years has been to ensure consistency in the models they employ. Assuming markets to be generally in some state of equilibrium, it must be asked under what circumstances such an equilibrium is possible. The fundamental mathematical tools used to address this conce are fixed point theorems. These outline the conditions under which sets of assumptions have a solution.