1996 Reports
Smooth Infinite Economics
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.
Subjects
Files
- econ_9596_029.pdf application/pdf 838 KB Download File
More About This Work
- Academic Units
- Economics
- Publisher
- Department of Economics, Columbia University
- Series
- Department of Economics Discussion Papers, 9596-29
- Published Here
- March 3, 2011
Notes
August 1996