From singularity theory to finiteness of Walrasian equilibria

The main result of this paper states that there exists a residual subset of the set of critical economies whose associated equilibria are finite in number. We also show that this subset does not contain any open set and therefore the result is the best possible for our choice of topology (compact-open topology). The proof rests on results and concepts from singularity theory.

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Year of publication:	2013
Authors:	Castro, Sofia B.S.D. ; Dakhlia, Sami ; Gothen, Peter B.
Published in:	Mathematical Social Sciences. - Elsevier, ISSN 0165-4896. - Vol. 66.2013, 2, p. 169-175
Publisher:	Elsevier

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010875111