Equilibrium theory with a measure space of possibly satiated consumers. (Q1398437)
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English | Equilibrium theory with a measure space of possibly satiated consumers. |
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Equilibrium theory with a measure space of possibly satiated consumers. (English)
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29 July 2003
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The referred paper contributes to the generalization of the concept of Walras equilibrium. It is known that such equilibria may not exist for possibly satiated consumers' preferences, and that there exist several attempts to weaken the basic concepts of the theory in order to overcome that discrepancy. The paper deals with an economy over a measure space of consumers which generalizes the classical model. The main result on the existence of equilibria for its various existing modifications extends the existence theorems known from the literature.
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Walras equilibrium
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consumer
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preferences
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market economy
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excess demand
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equilibrium with slack
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Fatou's lemma
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