Accinelli, Elvio; Piria, Alfredo; Puchet, Martín - Departamento de Economía, Facultad de Ciencias Sociales - 2001
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...