2009•Unpublished venueRequires access
The Negishi method in the history of general equilibrium theory
M. Kawamata
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Abstract
The proof of existence of a competitive equilibrium of a market economy is
one of Professor Negishi’s early contributions to general equilibrium theory
as well as the proof of stability of a competitive equilibrium. He proved
the existence of a competitive equilibrium of a market economy by applying
the fundamental theorems of welfare economics.1 The approach is now called the
Negishi Method.