Myopic topologies on general commodity spaces (Q1080334): Difference between revisions
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Property / author: Lakshmi K. Raut / rank | |||
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Property / author: Lakshmi K. Raut / rank | |||
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Property / full work available at URL: https://doi.org/10.1016/0022-0531(86)90050-5 / rank | |||
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Property / OpenAlex ID: W2064391092 / rank | |||
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Property / cites work: Lack of Pareto Optimal Allocations in Economies with Infinitely Many Commodities: The Need for Impatience / rank | |||
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Property / cites work: Myopic Economic Agents / rank | |||
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Property / cites work: The Evaluation of Infinite Utility Streams / rank | |||
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Property / cites work: Q3254057 / rank | |||
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Property / cites work: Stationary Ordinal Utility and Impatience / rank | |||
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Property / cites work: Q3909512 / rank | |||
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Latest revision as of 15:27, 17 June 2024
scientific article
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English | Myopic topologies on general commodity spaces |
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Myopic topologies on general commodity spaces (English)
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1986
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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 \(L_{\infty}\).
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Continuity of preferences
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myopia
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Mackey topology
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impatience
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existence of competitive equilibrium
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