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Joint maximization as an alternative to offer
Stable and unstable equilibria
Joint maximization iterations examples
17 other sections not shown
additive adjustment aggregate algorithm allow appendix applying assume assumption balance of trade budget capital changes choose coefficients column commodity comparative completely computational concave consider consistent constraints consumer consumption defined definite demand demand functions derivatives diagonal economic elasticities element equal equilibrium errors estimates example exists expenditure expenditure elasticities exports fixed weight A.M.P. follows free trade given gives globally weight Hence household implies imports income increase industries iteration joint maximization joint maximization problem labor less levels linear marginal matrix methods negative observed obtain positive possibilities problem production Proof proposition provides refer respect restrictions satisfying sect solution solving stability strictly sufficient theory tion utility function values vector Walrasian weight stable weight vector zero