Munich Personal RePEc Archive

The number of equilibria of smooth infinite economies with separable utilities

Covarrubias, Enrique (2008): The number of equilibria of smooth infinite economies with separable utilities.

[img]
Preview
PDF
MPRA_paper_11099.pdf

Download (145kB) | Preview

Abstract

We construct an index theorem for smooth infinite economies with separable utilities that shows that generically the number of equilbria is odd. As a corollary, this gives a new proof of existence and gives conditions that guarantee global uniqueness of equilibria.

UB_LMU-Logo
MPRA is a RePEc service hosted by
the Munich University Library in Germany.