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The geometry of finite equilibrium datasets

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Author Info
Balasko, Yves
Tvede, Mich

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Abstract

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.

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File URL: http://www.sciencedirect.com/science/article/B6VBY-4W0SK5W-1/2/fed2f6465b4f1381c58a74848f64cc4f
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Publisher Info
Article provided by Elsevier in its journal Journal of Mathematical Economics.

Volume (Year): 45 (2009)
Issue (Month): 5-6 (May)
Pages: 391-396
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Handle: RePEc:eee:mateco:v:45:y:2009:i:5-6:p:391-396

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Web page: http://www.elsevier.com/locate/jmateco

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Related research
Keywords: Equilibrium manifold Rationalizability Pathconnectedness;

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  1. Yves Balasko & Mich Tvede, 2003. "Individual preferences compatible with a finite number of equilibrium data: A linear programming characterization," Levine's Bibliography 666156000000000291, UCLA Department of Economics. [Downloadable!]
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This page was last updated on 2009-12-3.


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