Blocking efficacy of small coalitions in myopic economies (Q1584554): Difference between revisions

Having results of \textit{D. Schmeidler} [Econometrica 40, 579--580 (1972)] and \textit{B. Grodal} [Econometrica 40, 581--583 (1972)] as background, which imply that for finite-dimensional commodity spaces, the set of Walrasian allocations of an atomless economy coincides with the set of allocations that are unblocked by arbitrary small coalitions, the authors look for a suitable extension of such results in the context of infinite dimensional spaces. An immediate extension, as is well-known, is not possible. But with help of theorems of different other authors and of deeper lying functional analytic theorems (e.g., Mackey topology and dual pairs of Banach spaces, Lusin's theorem, Mackey preferences, Bochner integrability) the authors find new results and for those results they discuss interesting examples and counterexamples.