Local analysis ◆Mar ket clearing ∑x=∑ ◆ i's Demand function n、-(x)∥P<(0) x (p) 0jfp≥g(0) x(p)=<0Jp<(0) (x)Local analysis Market clearing i’s Demand function 1 1 I J i j i j x q   = =  = 1 ( ) (0) ( ) 0 (0) i i i i i x if p x p if p     −     =      1 ( ) <0 (0) ( ) i i i i x p if p x     =  