With reference to the general competitive equilibrium model presented in Ch.16, let us now study an important property of the solutions, namely, when there is a finite (and odd) number of equilibria, and how many economies there are with this property. To study this problem, some elements from differential topology are summarized in the Mathematical Appendix.
KeywordsGeneral Equilibrium Model Differentiable Manifold Topological Manifold Infinite Dimensional Space Walrasian Equilibrium
Unable to display preview. Download preview PDF.