The geometry of finite equilibrium sets

Research output: Contribution to journal › Journal article › Research › peer-review

Standard

The geometry of finite equilibrium sets. / Balasko, Yves; Tvede, Mich.

In: Journal of Mathematical Economics, Vol. 45, No. 5-6, 2009, p. 391-396.

Research output: Contribution to journal › Journal article › Research › peer-review

Harvard

Balasko, Y & Tvede, M 2009, 'The geometry of finite equilibrium sets', Journal of Mathematical Economics, vol. 45, no. 5-6, pp. 391-396. https://doi.org/10.1016/j.jmateco.2009.03.009

APA

Balasko, Y., & Tvede, M. (2009). The geometry of finite equilibrium sets. Journal of Mathematical Economics, 45(5-6), 391-396. https://doi.org/10.1016/j.jmateco.2009.03.009

Vancouver

Balasko Y, Tvede M. The geometry of finite equilibrium sets. Journal of Mathematical Economics. 2009;45(5-6):391-396. https://doi.org/10.1016/j.jmateco.2009.03.009

Author

Balasko, Yves ; Tvede, Mich. / The geometry of finite equilibrium sets. In: Journal of Mathematical Economics. 2009 ; Vol. 45, No. 5-6. pp. 391-396.

Bibtex

@article{b55d22403ec611de87b8000ea68e967b,
title = "The geometry of finite equilibrium sets",
abstract = "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 noncollinear.",
keywords = "Faculty of Social Sciences, equilibrium manifold, pathconnectedness",
author = "Yves Balasko and Mich Tvede",
note = "JEL classification: D31, D51",
year = "2009",
doi = "10.1016/j.jmateco.2009.03.009",
language = "English",
volume = "45",
pages = "391--396",
journal = "Journal of Mathematical Economics",
issn = "0304-4068",
publisher = "Elsevier",
number = "5-6",

}

RIS

TY - JOUR

T1 - The geometry of finite equilibrium sets

AU - Balasko, Yves

AU - Tvede, Mich

N1 - JEL classification: D31, D51

PY - 2009

Y1 - 2009

N2 - 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 noncollinear.

AB - 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 noncollinear.

KW - Faculty of Social Sciences

KW - equilibrium manifold

KW - pathconnectedness

U2 - 10.1016/j.jmateco.2009.03.009

DO - 10.1016/j.jmateco.2009.03.009

M3 - Journal article

VL - 45

SP - 391

EP - 396

JO - Journal of Mathematical Economics

JF - Journal of Mathematical Economics

SN - 0304-4068

IS - 5-6

ER -

ID: 12210926