A note on the structural stability of the equilibrium manifold

被引：6
|
作者：
Loi, Andrea [2 ]
Matta, Stefano [1 ]
机构：
[1] Univ Cagliari, Dipartimento Econ, I-09123 Cagliari, Italy
[2] Univ Cagliari, Dipartimento Matemat & Informat, I-09123 Cagliari, Italy
来源：
JOURNAL OF MATHEMATICAL ECONOMICS | 2010年 / 46卷 / 04期
关键词：
Equilibrium manifold; Regular equilibria; Catastrophes; Structural stability; Smooth selection of prices;
D O I：
10.1016/j.jmateco.2010.04.001
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
In a smooth pure exchange economy with fixed total resources we investigate whether the smooth selection property holds when endowments are redistributed across consumers through a continuous (non-local) redistribution policy. We show that if the policy is regular then there exists a unique continuous path of equilibrium prices which support it. (C) 2010 Elsevier B.V. All rights reserved.
引用
收藏
页码：591 / 594
页数：4
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