The Geometry of Finite Equilibrium Datasets

Publikation: Working paperForskning

Dokumenter

  • DP 09-07

    Forlagets udgivne version, 163 KB, PDF-dokument

  • Yves Balasko
  • Mich Tvede
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.
OriginalsprogEngelsk
UdgiverDepartment of Economics, University of Copenhagen
Antal sider9
StatusUdgivet - 2009

Bibliografisk note

JEL Classification: D31, D51

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