Equilibrium in abstract economies without ordered preferences and with a measure space of agents (Q801785): Difference between revisions
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Revision as of 20:33, 19 March 2024
scientific article
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| English | 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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