Abstract:
In a pure exchange smooth economy with fixed total resources, we construct a Riemannian metric on the equilibrium manifold such that the minimal geodesic connecting two (sufficiently close) regular equilibria intersects the codimension one stratum of critical equilibria in a finite number of points.
More articles in Economics Bulletin from Economics Bulletin Address: Economics Bulletin, Department of Economics, 414 Calhoun Hall, Vanderbilt University, Nashville TN 37235, USA Series data maintained by John Conley ().
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