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.
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Paper provided by University of Copenhagen. Department of Economics in its series Discussion Papers with number
09-07.
Length: 9 pages Date of creation: Mar 2009 Date of revision: Handle: RePEc:kud:kuiedp:0907
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Find related papers by JEL classification: D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution D51 - Microeconomics - - General Equilibrium and Disequilibrium - - - Exchange and Production Economies
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