Smooth Infinite Economies.

Equilibrium conditions in smooth infinite economies with separable utilities are described by Fredholm maps, which are Frechet differentiable. Therefore, Smale's extension of Sard's theorem can be used to studying infinite economies. We study structural stability and local uniqueness of equilibrium in smooth infinite economies and relate the theory of markets to modern Fredholm theory.

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Year of publication:	1996
Authors:	Chichilnisky, G. ; Zhou, Y.
Institutions:	Department of Economics, School of Arts and Sciences
Subject:	GENERAL EQUILIBRIUM \| MATHEMATICS

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Series:	Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	21 pages
Classification:	C00 - Mathematical and Quantitative Methods. General ; D50 - General Equilibrium and Disequilibrium. General ; D59 - General Equilibrium and Disequilibrium. Other
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005549082