Essential stability in large square economies
| Autor: | Cea-Echenique, Sebastián, Fuentes, Matías |
|---|---|
| Přispěvatelé: | Paris School of Economics (PSE), Universidad Nacional de San Martin (UNSAM) |
| Jazyk: | angličtina |
| Rok vydání: | 2020 |
| Předmět: |
[SHS.STAT]Humanities and Social Sciences/Methods and statistics
[QFIN]Quantitative Finance [q-fin] Infinitely Many Commodities [SHS.ECO]Humanities and Social Sciences/Economics and Finance [MATH.MATH-FA]Mathematics [math]/Functional Analysis [math.FA] Walras Correspondence [MATH.MATH-GN]Mathematics [math]/General Topology [math.GN] Large Economies Essential Stability JEL: D - Microeconomics/D.D5 - General Equilibrium and Disequilibrium [MATH.MATH-OC]Mathematics [math]/Optimization and Control [math.OC] JEL: C - Mathematical and Quantitative Methods/C.C6 - Mathematical Methods • Programming Models • Mathematical and Simulation Modeling [QFIN.TR]Quantitative Finance [q-fin]/Trading and Market Microstructure [q-fin.TR] Nowhere Equivalence |
| Popis: | Exchange economies are defined by a mapping between an atomless space of agents and a space of characteristics where the commodity space is a separable Banach space. We characterize equilibrium stability of economies relaying on the continuity of the equilibrium correspondence. We provide a positive answer to an open question about the continuity of the Walras correspondence in infinite dimensional spaces. In addition, we do not assume neither differentiability nor a fixed set of agents for the different economies, like it is usually assumed in the stability literature. |
| Databáze: | OpenAIRE |
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