The geometry of finite equilibrium sets
Research output: Contribution to journal › Journal article › Research › peer-review
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 noncollinear.
Original language | English |
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Journal | Journal of Mathematical Economics |
Volume | 45 |
Issue number | 5-6 |
Pages (from-to) | 391-396 |
Number of pages | 6 |
ISSN | 0304-4068 |
DOIs | |
Publication status | Published - 2009 |
- Faculty of Social Sciences - equilibrium manifold, pathconnectedness
Research areas
ID: 12210926