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Computing equilibria of GEI by relocalization on a Grassmann manifold

Authors :
Demarzo, Peter M.
Eaves, B. Curtis
Source :
The Journal of Mathematical Economics. Dec 15, 1996, Vol. 26 Issue 4, p479, 19 p.
Publication Year :
1996

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.

Details

ISSN :
03044068
Volume :
26
Issue :
4
Database :
Gale General OneFile
Journal :
The Journal of Mathematical Economics
Publication Type :
Academic Journal
Accession number :
edsgcl.19376713