Smooth Infinite Economies

Graciela Chichilnisky () and Y. Zhou

Discussion Papers from Columbia University, Department of Economics

Abstract: Equilibrium conditions in smooth infinite economies with separable utilities are described by Fredholm maps, which are Frechet differentiable. Therefore, Smale's extension of Sard's theorem can be used to studying infinite economies. We study structural stability and local uniqueness of equilibrium in smooth infinite economies and relate the theory of markets to modern Fredholm theory.

Keywords: GENERAL EQUILIBRIUM; MATHEMATICS (search for similar items in EconPapers)
JEL-codes: C00 D50 D59 (search for similar items in EconPapers)
Date: 1996

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Related works:
Working Paper: Smooth Infinite Economiesq (1996)
Journal Article: Smooth infinite economies (1998)
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Persistent link: http://EconPapers.repec.org/RePEc:clu:wpaper:1996_14

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