Abstract
In this note, we study spatial economic equilibrium of a single good economy distributed over the earth’s equator using a representative agent model
with linear demand and supply functions. We show using Borsuk Ulam’s
theorem that there exist antipodal economic activities with associated equilibrium prices.
with linear demand and supply functions. We show using Borsuk Ulam’s
theorem that there exist antipodal economic activities with associated equilibrium prices.
| Original language | English |
|---|---|
| Number of pages | 5 |
| Journal | Applied Mathematical Sciences |
| Publication status | Published - 21 Dec 2022 |
Keywords
- Borsuk Ulam Theorem
- Spatial Economic Equilibrium
- Existence of Equilibrium