Myopic topologies on general commodity spaces (Q1080334): Difference between revisions

Continuity of preferences imposes behavioral restrictions on the preferences such as impatience or myopia. This paper extends the notions of myopia due to \textit{D. J. Brown} and \textit{L. M. Lewis} [Econometrica 49, 359-368 (1981; Zbl 0451.90024)], and their characterization of the Mackey topology in terms of myopia, from \(l_{\infty}\) to \(L_{\infty}\). Then this characterization of the Mackey topology on \(L_{\infty}\) is used to extend Araujo's theorem on the necessity of impatience for the existence of competitive equilibrium from \(l_{\infty}\) to \(L_{\infty}\).