Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/83737
Authors: 
Covarrubias, Enrique
Year of Publication: 
2010
Series/Report no.: 
Working Papers, Banco de México 2010-03
Abstract: 
The main contribution of this paper is to place smooth infinite economies in the setting of the equilibrium manifold and the natural projection map à la Balasko. We show that smooth infinite economies have an equilibrium set that has the structure of a Banach manifold and that the natural projection map is smooth. We define regular and critical economies, and regular and critical prices, and we show that the set of regular economies coincides with the set of economies whose excess demand function has only regular prices. Generic determinacy of equilibria follows as a by-product.
Subjects: 
General equilibrium
Infinite economies
Intertemporal choice
Uncertainty
JEL: 
D5
D50
D51
D80
D90
Document Type: 
Working Paper
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