
handle: 11584/96413
We show that, in a pure exchange smooth economy, a redistribution of endowments involving singular economies can be supported by a unique and continuous path of supporting equilibrium price vectors if this redistribution is the projection of a path on the equilibrium manifold transversal to the set of critical equilibria.
Equilibrium manifold, regular equilibria, catastrophes, structural stability, smooth selection of prices., jel: jel:D5, jel: jel:C6
Equilibrium manifold, regular equilibria, catastrophes, structural stability, smooth selection of prices., jel: jel:D5, jel: jel:C6
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