Abstract
Time has now come to fulfill our promise from Chapter 10. There we have resorted to geometrical intuition arguing that geometrically bad parts of a joining equilibrium component are always on account of a more or less “pathological” variation of economic states. Unfortunately the term “pathological” only can serve as an intuitive guide, not as a firm base of further analysis. What we will do now is to show precisely that intuition actually led us the right way.
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© 2007 Springer-Verlag Berlin Heidelberg
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(2007). Equilibrium Paths. In: Economic Evolution and Equilibrium. Lecture Notes in Economics and Mathematical Systems, vol 591. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-540-68664-4_11
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DOI: https://doi.org/10.1007/978-3-540-68664-4_11
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-68662-0
Online ISBN: 978-3-540-68664-4
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