Equilibria in Banach lattices without ordered preferences (Q1080348)

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Equilibria in Banach lattices without ordered preferences
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    Equilibria in Banach lattices without ordered preferences (English)
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    1986
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    This paper establishes a very general result on the existence of competitive equilibria for exchange economies (with a finite number of agents) with an infinite-dimensional commodity space. The commodity spaces treated are Banach lattices, but no interiority assumptions on the positive cone are made; thus, the commodity spaces covered by this result include most of the spaces considered in economic analysis. Moreover, this result applies to preferences which may not be monotone, complete, or transitive; preferences may even be interdependent. Since preferences need not be monotone, the result allows for non-positive prices, and an exact equilibrium is obtained, rather than a free-disposal equilibrium.
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    existence of competitive equilibria
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    exchange economies
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    infinite- dimensional commodity space
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    Banach lattices
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