The Geometry of Finite Equilibrium Datasets

Yves Balasko and Mich Tvede

No 09-07, Discussion Papers from University of Copenhagen. Department of Economics

Abstract: We investigate the geometry of finite datasets defined by equilibrium prices, income distributions, and total resources. We show that the equilibrium condition imposes no restrictions if total resources are collinear, a property that is robust to small perturbations. We also show that the set of equilibrium datasets is pathconnected when the equilibrium condition does impose restrictions on datasets, as for example when total resources are widely non collinear.

Keywords: equilibrium manifold; rationalizability; pathconnectedness (search for similar items in EconPapers)
JEL-codes: D31 D51 (search for similar items in EconPapers)
Pages: 9 pages
Date: 2009-03
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Citations: View citations in EconPapers (1)

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Journal Article: The geometry of finite equilibrium datasets (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:kud:kuiedp:0907

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