Abstract

The main goal is to understand the structure, especially local, of the set of Pareto Optima and price equilibria of classical economic systems in a differentiable setting. We use very little of previous papers in this series, but do use calculus of several variables in a systematic way. One result obtained is the structure of a submanifold on the set 8 of Pareto Optima. The same result is found for the set of price equilibria A. Then the Fundamental Theorem of Welfare Economics is given in a strong form.

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