Computing equilibria of GEI by relocalization on a Grassmann manifold
Article Abstract:
The equilibria of general economic models with incomplete asset markets or GEI can be calculated by utilizing an algorithm based on the existence of a route of zeros of a homotopy. The domain of the homotopy includes a Grassmann Manifold and the price simplex. Relocalization may be necessary after localization and following diffeomorphic pieces in Euclidean space.
Publication Name: The Journal of Mathematical Economics
Subject: Mathematics
ISSN: 0304-4068
Year: 1996
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On the orientability of the asset equilibrium manifold
Article Abstract:
An index theorem studying the orientability of the false equilibrium manifold in a two-period general equilibrium in incomplete markets is proposed.
Publication Name: The Journal of Mathematical Economics
Subject: Mathematics
ISSN: 0304-4068
Year: 2006
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Stabilizing sunspots
Article Abstract:
The stabilization policy of sunspot equilibrium in an incomplete financial market is analyzed.
Publication Name: The Journal of Mathematical Economics
Subject: Mathematics
ISSN: 0304-4068
Year: 2006
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