Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/83702
Authors: 
Covarrubias, Enrique
Year of Publication: 
2011
Series/Report no.: 
Working Papers, Banco de México 2011-02
Abstract: 
We construct an index theorem for smooth infinite economies that shows that generically the number of equilibria is odd. As a corollary, this gives a new proof of existence and gives conditions that guarantee global uniqueness of equilibria.
Subjects: 
Uniqueness
determinacy
equilibria
infinite economy
Fredholm map
equilibrium manifold
index theorem
Z-Rothe vector field
JEL: 
D50
D51
D80
D90
Document Type: 
Working Paper
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