The number of equilibria of smooth infinite economies

We construct an index theorem for smooth infinite economies that shows that generically the number of equilibria is odd. As a corollary, this gives a new proof of existence and gives conditions that guarantee global uniqueness of equilibria.

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Year of publication:	2013
Authors:	Covarrubias, Enrique
Published in:	Journal of Mathematical Economics. - Elsevier, ISSN 0304-4068. - Vol. 49.2013, 4, p. 263-265
Publisher:	Elsevier
Subject:	Uniqueness \| Infinite economy \| Index theorem \| Z-Rothe vector field

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

Persistent link: https://www.econbiz.de/10010682590