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Property / full work available at URL: https://doi.org/10.1016/0304-4068(84)90013-2 / rank
 
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Latest revision as of 15:13, 14 June 2024

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Equilibrium in abstract economies without ordered preferences and with a measure space of agents
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    Equilibrium in abstract economies without ordered preferences and with a measure space of agents (English)
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    1984
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    This paper shows the existence of Cournot-Nash equilibria in games with an abstract measure space of players. The results can be viewed as generalizations of the Shafer-Sonnenschein theorem [see \textit{W. J. Shafer}, ibid. 3, 135-137 (1976; Zbl 0348.90030)] and \textit{R. J. Aumanns} theorem [Econometrica 34, 1-17 (1966; Zbl 0142.172)] for the set-up where all consumption sets are compact. The technical contribution of the paper is to show the viability of the weak topology on \(L_ 1(\mu)\) for problems in equilibrium theory.
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    competitive equilibrium
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    exchange economy
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    non-ordered preferences
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    Cournot-Nash equilibria
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    abstract measure space of players
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    weak topology
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