Regular Infinite Economies

Enrique Covarrubias

No 2010-03, Working Papers from Banco de México

Abstract: The main contribution of this paper is to place smooth infinite economies in the setting of the equilibrium manifold and the natural projection map à la Balasko. We show that smooth infinite economies have an equilibrium set that has the structure of a Banach manifold and that the natural projection map is smooth. We define regular and critical economies, and regular and critical prices, and we show that the set of regular economies coincides with the set of economies whose excess demand function has only regular prices. Generic determinacy of equilibria follows as a by-product.

JEL-codes: D5 D50 D51 D80 D90 (search for similar items in EconPapers)
Date: 2010-03
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

Downloads: (external link)
https://www.banxico.org.mx/publications-and-press/ ... -049B84B6C3A5%7D.pdf (application/pdf)

Related works:
Journal Article: Regular Infinite Economies (2010)
Working Paper: Regular Infinite Economies (2007)
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:bdm:wpaper:2010-03

Access Statistics for this paper

More papers in Working Papers from Banco de México Contact information at EDIRC.
Bibliographic data for series maintained by Subgerencia de desarrollo de sistemas (iec-sbgdesdesistemas-subgerente04b@banxico.org.mx).