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Tastes and Singular Economies

Author

Listed:
  • Elvio Accinelli

    (Facultad de Ingeniería, IMERL, Universidad de la República)

  • Alfredo Piria

    (Facultad de Ingeniería, IMERL, Universidad de la República)

  • Martín Puchet

    (UNAM, México.)

Abstract

The object of this paper is to show some examples of economies in which singular equilibria occur as a consequence of utility functions and where this equilibria play a crucial rolle to understand the behavior of the economy as a system. An economy will be called singular if little changes in the tastes of the consumer imply big changes in the equilibria set.

Suggested Citation

  • Elvio Accinelli & Alfredo Piria & Martín Puchet, 2001. "Tastes and Singular Economies," Documentos de Trabajo (working papers) 1301, Department of Economics - dECON.
    • Handle: RePEc:ude:wpaper:1301
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    File URL: https://hdl.handle.net/20.500.12008/1943
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    References listed on IDEAS

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    1. Mas-Colell, Andreu & Whinston, Michael D. & Green, Jerry R., 1995. "Microeconomic Theory," OUP Catalogue, Oxford University Press, number 9780195102680, Decembrie.
    2. Elvio Accinelli, 1999. "On uniqueness of equilibrium for complete markets with infinitely many goods and in finance models," Estudios de Economia, University of Chile, Department of Economics, vol. 26(1 Year 19), pages 45-61, June.
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    Cited by:

    1. Elvio Accinelli, 2007. "Structural stability, Morse's lemma and singular economies," Documentos de Trabajo (working papers) 0607, Department of Economics - dECON.

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    More about this item

    JEL classification:

    • D5 - Microeconomics - - General Equilibrium and Disequilibrium
    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth

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