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Finiteness of the Number of Equilibria in a Production Economy with Uncertainty

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  • Pascal Stiefenhofer
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    Abstract

    This paper shows that the inverse image of the natural projection defines a ramified covering with finite layers. Finiteness of equilibria for regular two period production economies with uncertainty follows from this property.

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    File URL: http://www.york.ac.uk/media/economics/documents/discussionpapers/2011/1108.pdf
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    Bibliographic Info

    Paper provided by Department of Economics, University of York in its series Discussion Papers with number 11/08.

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    Date of creation: May 2011
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    Handle: RePEc:yor:yorken:11/08

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    Keywords: General Equilibrium; Uncertainty; Production.;

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    1. Balasko, Yves, 1975. "The Graph of the Walras Correspondence," Econometrica, Econometric Society, vol. 43(5-6), pages 907-12, Sept.-Nov.
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