The geometry of finite equilibrium sets

Publikation: Bidrag til tidsskriftTidsskriftartikelfagfællebedømt

  • Yves Balasko
  • Mich Tvede
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.
OriginalsprogEngelsk
TidsskriftJournal of Mathematical Economics
Vol/bind45
Udgave nummer5-6
Sider (fra-til)391-396
Antal sider6
ISSN0304-4068
DOI
StatusUdgivet - 2009

Bibliografisk note

JEL classification: D31, D51

ID: 12210926