Gale–Nikaidō–Debreu theorem

E612750

The Gale–Nikaidō–Debreu theorem is a fundamental result in mathematical economics that provides conditions ensuring the existence (and sometimes uniqueness) of equilibrium in certain nonlinear and general equilibrium models.

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Gale–Nikaidō–Debreu theorem canonical 1

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Predicate Object
instanceOf mathematical theorem
theorem in mathematical economics
appliesTo excess demand functions
general equilibrium models
nonlinear systems
areaOfApplication economic theory
mathematical optimization
nonlinear complementarity problems
assumes certain sign conditions on principal minors of the Jacobian
continuity of the mapping
characterizes conditions for global univalence of excess demand mappings
concerns existence of equilibrium
uniqueness of equilibrium
ensures at most one equilibrium under its hypotheses
injectivity of the mapping under P-matrix conditions
field general equilibrium theory
mathematical economics
nonlinear analysis
historicalPeriod 20th century
implies existence of solution to certain nonlinear equations
global univalence under suitable conditions
mathematicalDomain multivariate calculus
real analysis
topology
namedAfter David Gale NERFINISHED
Gérard Debreu NERFINISHED
Hirofumi Nikaidō NERFINISHED
provides sufficient conditions for equilibrium
relatedTo Arrow–Debreu model NERFINISHED
Brouwer fixed point theorem NERFINISHED
Kakutani fixed point theorem NERFINISHED
existence of competitive equilibrium
global univalence theorem NERFINISHED
typeOfResult existence theorem
uniqueness theorem
usedIn analysis of comparative statics in nonlinear models
proofs of equilibrium existence in general equilibrium theory
usesConcept Jacobian matrix NERFINISHED
P-matrix
fixed point arguments
monotonicity

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David Gale notableWork Gale–Nikaidō–Debreu theorem