In a smooth pure exchange economy with fixed total resources we investigate whether the smooth selection property holds when endowments are redistributed across consumers through a continuous (non-local) redistribution policy. We show that if the policy is regular then there exists a unique continuous path of equilibrium prices which support it.
A note on the structural stability of the equilibrium manifold
LOI, ANDREA;MATTA, STEFANO
2010-01-01
Abstract
In a smooth pure exchange economy with fixed total resources we investigate whether the smooth selection property holds when endowments are redistributed across consumers through a continuous (non-local) redistribution policy. We show that if the policy is regular then there exists a unique continuous path of equilibrium prices which support it.
File in questo prodotto:
| File | Dimensione | Formato | |
|---|---|---|---|
|
6 JME_2010.pdf
Solo gestori archivio
Tipologia:
versione editoriale
Dimensione
122.57 kB
Formato
Adobe PDF
|
122.57 kB | Adobe PDF | Visualizza/Apri Richiedi una copia |
I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
