Arbeitspapier
Regular infinite economies
The main contribution of this paper is to place smooth infinite economies in the setting of the equilibrium manifold and the natural projection map à la Balasko. We show that smooth infinite economies have an equilibrium set that has the structure of a Banach manifold and that the natural projection map is smooth. We define regular and critical economies, and regular and critical prices, and we show that the set of regular economies coincides with the set of economies whose excess demand function has only regular prices. Generic determinacy of equilibria follows as a by-product.
- Language
-
Englisch
- Bibliographic citation
-
Series: Working Papers ; No. 2010-03
- Classification
-
Wirtschaft
General Equilibrium and Disequilibrium: General
Exchange and Production Economies
Information, Knowledge, and Uncertainty: General
Micro-Based Behavioral Economics: General‡
- Subject
-
General equilibrium
Infinite economies
Intertemporal choice
Uncertainty
- Event
-
Geistige Schöpfung
- (who)
-
Covarrubias, Enrique
- Event
-
Veröffentlichung
- (who)
-
Banco de México
- (where)
-
Ciudad de México
- (when)
-
2010
- Handle
- Last update
-
10.03.2025, 11:41 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Covarrubias, Enrique
- Banco de México
Time of origin
- 2010
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