Open AccessTASTE AND SINGULAR ECONOMIES
Author(s) -
Elvio Accinelli,
Alfredo Piria,
Martín Puchet Anyul
Publication year - 2003
Publication title -
deleted journal
Language(s) - English
DOI - 10.21919/remef.v2i1.145
Subject(s) - economics , set (abstract data type) , taste , economy , computer science , biology , food science , programming language
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.
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