ECONOMIC GENERALITY VERSUS MATHEMATICAL GENERICITY: ACTIVITY‐LEVEL INDETERMINACY AND THE INDEX THEOREM IN CONSTANT RETURNS PRODUCTION ECONOMIES

Saverio Fratini

Metroeconomica, 2008, vol. 59, issue 2, 266-275

Abstract: When the mathematical concept of genericity was arrived at in economics, it was meant more or less as a synonym for generality. Referring to constant return production economies, we will argue that this is not always the case. In particular, the representation of technology that is mathematically generic is not at all general for economists. We will see that in cases that are economically general, but not mathematically generic, activity‐level indeterminacy may occur. In these cases, Kehoe's index theorem, a well‐known result of the application of the differentiable approach to production economies, becomes unusable.

Date: 2008
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
https://doi.org/10.1111/j.1467-999X.2007.00305.x

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:metroe:v:59:y:2008:i:2:p:266-275

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0026-1386

Access Statistics for this article

Metroeconomica is currently edited by Heinz D. Kurz and Neri Salvadori

More articles in Metroeconomica from Wiley Blackwell
Bibliographic data for series maintained by Wiley Content Delivery ().