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

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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Year of publication:	2011-05
Authors:	Stiefenhofer, Pascal
Institutions:	Department of Economics and Related Studies, University of York
Subject:	General Equilibrium \| Uncertainty \| Production

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Extent:	application/pdf
Series:	Discussion Papers.
Type of publication:	Book / Working Paper
Language:	English
Classification:	D20 - Production and Organizations. General ; D50 - General Equilibrium and Disequilibrium. General ; D51 - Exchange and Production Economies
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009002087