The Geometry of Finite Equilibrium Datasets

Research output: Working paper › Research

Standard

The Geometry of Finite Equilibrium Datasets. / Balasko, Yves; Tvede, Mich.

Department of Economics, University of Copenhagen, 2009.

Research output: Working paper › Research

Harvard

Balasko, Y & Tvede, M 2009 'The Geometry of Finite Equilibrium Datasets' Department of Economics, University of Copenhagen.

APA

Balasko, Y., & Tvede, M. (2009). The Geometry of Finite Equilibrium Datasets. Department of Economics, University of Copenhagen.

Vancouver

Balasko Y, Tvede M. The Geometry of Finite Equilibrium Datasets. Department of Economics, University of Copenhagen. 2009.

Author

Balasko, Yves ; Tvede, Mich. / The Geometry of Finite Equilibrium Datasets. Department of Economics, University of Copenhagen, 2009.

Bibtex

@techreport{a2e7da802d9e11de9f0a000ea68e967b,
title = "The Geometry of Finite Equilibrium Datasets",
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 non collinear.",
keywords = "Faculty of Social Sciences, equilibrium manifold, rationalizability, pathconnectedness",
author = "Yves Balasko and Mich Tvede",
note = "JEL Classification: D31, D51",
year = "2009",
language = "English",
publisher = "Department of Economics, University of Copenhagen",
address = "Denmark",
type = "WorkingPaper",
institution = "Department of Economics, University of Copenhagen",

}

RIS

TY - UNPB

T1 - The Geometry of Finite Equilibrium Datasets

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 non collinear.

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 non collinear.

KW - Faculty of Social Sciences

KW - equilibrium manifold

KW - rationalizability

KW - pathconnectedness

M3 - Working paper

BT - The Geometry of Finite Equilibrium Datasets

PB - Department of Economics, University of Copenhagen

ER -

ID: 11954179