Normalize the second price to one and write for the first price and for the varying endowment. Let be first-good aggregate excess demand. Under Walras law, the second excess-demand coordinate equals , so one market-clearing equation suffices. A regular exchange economy at fixed has at every equilibrium.
A sufficient joint condition is that zero be a regular value of the smooth map :
To prove the almost-everywhere conclusion, the regular level set theorem makes a smooth one-dimensional manifold. Project to the parameter axis by . Its tangent space consists of vectors with . If , every is possible, so the derivative of is surjective. If , the joint condition gives , forcing ; the point is critical for .
Thus the parameters with a singular equilibrium are exactly the critical values of this projection. Sard theorem makes that set a null set. Therefore almost every parameter gives a regular economy. No claim of existence at every parameter is needed for this sufficient regularity criterion.
When both consumers have the same quasilinear utility on , the same strictly concave one-variable maximization gives , independently of their wealth. If their first-good endowments are , then
Thus the joint regular-value condition always holds. With positive total first-good endowment, the equilibrium is
Both first-good markets and second-good markets clear: second-good demands sum to . If a nonstandard endowment choice has , there is no positive-price zero, so the regular value condition is vacuous. In the usual positive-endowment case every parameter has the displayed unique regular exchange economy.