The Geometry of Finite Equilibrium Datasets
Research output: Working paper › Research
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- DP 09-07
Final published version, 163 KB, PDF document
We investigate the geometry of finite datasets defined by equilibrium prices, income distributions, and total resources. We show that the equilibrium condition imposes no restrictions if total resources are collinear, a property that is robust to small perturbations. We also show that the set of equilibrium datasets is pathconnected when the equilibrium condition does impose restrictions on datasets, as for example when total resources are widely non collinear.
Original language | English |
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Publisher | Department of Economics, University of Copenhagen |
Number of pages | 9 |
Publication status | Published - 2009 |
- Faculty of Social Sciences - equilibrium manifold, rationalizability, pathconnectedness
Research areas
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ID: 11954179