A Riemannian metric on the equilibrium manifold: the smooth case

LOI, ANDREA;MATTA, STEFANO

2006-01-01

---

Abstract

In a pure exchange smooth economy with fixed total resources, we construct a Riemannian metric on the equilibrium manifold such that the minimal geodesic connecting two (sufficiently close) regular equilibria intersects the codimension one stratum of critical equilibria in a finite number of points.