The natural projection approach to the infinite-horizon model

Article Abstract:

Research into the natural projection to the infinite-horizon general equilibrium model with smooth, discounted utility function was approached via the natural projection that maps the equilibrium manifold into the space of endowments. The natural projection approach was shown to assume the form of the smooth, proper Fredholm map of index zero, which leads to the derivation of the model's Brouwer degree. The model was shown to exhibit a Brouwer degree equal to one.

Economics, Research and Development in the Social Sciences and Humanities, Research, Mathematical models

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Hierarchic competitive equilibria

Article Abstract:

Research describing a generalized concept of competitive equilibrium is presented. In particular the existence of a Pareto optimal hierarchic equilibrium is established.

Administration of General Economic Programs, Economic Statistics & Research, Economic conditions

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Transaction costs and a redundant security: Divergence of individual and social relevance

Article Abstract:

The divergence of individual and social relevance in relation to transaction costs and a redundant security is examined.

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