The number of equilibria of smooth infinite economies with separable utilities

We construct an index theorem for smooth infinite economies with separable utilities that shows that generically the number of equilbria 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:	2008-10
Authors:	Covarrubias, Enrique
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
Subject:	Uniqueness \| determinacy \| equilibria \| infinite economy \| Fredholm map \| equilibrium manifold \| Banach manifold \| index theorem \| vector field \| Rothe

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Extent:	application/pdf
Series:	MPRA Paper.
Type of publication:	Book / Working Paper
Classification:	D50 - General Equilibrium and Disequilibrium. General ; D5 - General Equilibrium and Disequilibrium ; D51 - Exchange and Production Economies
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005621766