Smooth infinite economies
研究了具有可分效用的光滑无限经济中的均衡条件,利用弗雷德霍姆映射和斯梅尔定理分析均衡的结构稳定性和局部唯一性,将市场理论与现代弗雷德霍姆理论联系起来。
Equilibrium conditions in smooth infinite economies with separable utilities are described by Fredholm maps, which are Frechet differentiable. Therefore, Smale's extension of Sard's theorem can be used to study infinite economies. We study structural stability and local uniqueness of equilibrium in smooth infinite economies and relate the theory of markets to modern Fredholm theory.