Equilibria in infinite dimensional commodity spaces revisited (Q5955112)

In the paper of \textit{A. Mas-Colell} and \textit{S. F. Richard} [J. Econ. Theory 53, No. 1, 1--11 (1991; Zbl 0723.90008)] the existence of equilibria in vector lattices which are not locally solid is proved. It was assumed that the commodity space is a vector lattice endowed with a locally convex topology such that the positive cone is closed. In their proof the authors use an extension of the well known Negishi approach. They also consider individual supporting prices for weakly Pareto allocations and their supremum, that allows them to avoid uniform continuity of lattice operations in using decomposition property of vector lattices. The purpose of the paper is to extend Mas-Colell-Richard theorem to the case of unordered preferences. It should be noted that the direct application of Negishi approach is not suitable in this setting since it requires the preferences be representable by utility functions. So the authors modify the Negishi approach by considering a direct set of truncations of the economy. The result is proved under a specific assumption of ''uniform properties'' of preferences which is slightly weaker than that used in papers of many other authors.