Smooth infinite economies
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 study 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.
- econ_9596_017.pdf application/pdf 804 KB Download File
More About This Work