About manifolds and determinacy in general equilibrium theory
AbstractIn this paper we prove that the social equilibrium set, of an exchange economy, with consumption space as a subset of a Banach space in a Banach manifold, and this Characterization does not depend on the number of commodities. In the way to obtain this characterization we will show that the set of social weights of equilibrium, associated with a giben distribution of the initial endowments, is finite.
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Bibliographic InfoArticle provided by University of Chile, Department of Economics in its journal Estudios de Economia.
Volume (Year): 30 (2003)
Issue (Month): 2 Year 2003 (December)
Banach Space; Banach Manifold; General Equilibrium; Equilibrium Social Weights.;
Find related papers by JEL classification:
- D50 - Microeconomics - - General Equilibrium and Disequilibrium - - - General
- D60 - Microeconomics - - Welfare Economics - - - General
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- Enrique Covarrubias, 2010. "The Equilibrium Set of Economies with a Continuous Consumption Space," Working Papers 2010-10, Banco de México.
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