Equilibrium conditions in smooth infinite economies with separable utilities are described by Fredholm maps, which are Frechet differentiable. Therefore, Smale's extension of Sard's theorem can be used to studying infinite economies. We study structural and local uniqueness of equilibrium in smooth infinite economies and relate the theory of markets to modern Fredholm theory.
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Paper provided by Columbia University, Department of Economics in its series Discussion Papers with number
1996_30.
Find related papers by JEL classification: D58 - Microeconomics - - General Equilibrium and Disequilibrium - - - Computable and Other Applied General Equilibrium Models
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