On a market equilibrium theorem with an infinite number of commodities
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The paper contains a proof of a generalization of the Gale-Nikaido-Debreu market equilibrium theorem, which asserts that any market excess demand function, satisfying some standard assumptions, has a zero, which corresponds to an equilibrium. The theorem, originally proved for finite Euclidean spaces, is proved for Hausdorff locally convex linear topological spaces, and thus for equilibrium models with an infinite number of commodities. In the proof a selection theorem for correspondences is used. The result is compared to other work, particularly to \textit{C. D. Aliprantis} and \textit{D. J. Brown} [J. Math. Econ. 11, 189-207 (1983; Zbl 0502.90006)].
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(36)- Equilibria in Banach lattices without ordered preferences
- Competitive equilibria in general choice spaces
- Edgeworth equilibria in production economies
- Structure of consumption sets and existence of equilibria in infinite- dimensional spaces
- Infinite-dimensional Gale-Nikaido-Debreu theorem and a fixed-point theorem of Tarafdar
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- Hartman-Stampacchia theorems, Gale-Nikaidô-Debreu lemma, and Brouwer and Kakutani fixed-point theorems
- How to make a neural network say ``Don't know
- On the existence of equilibria in economies with infinitely many commodities and without ordered preferences
- The Yannelis-Prabhakar theorem on upper semi-continuous selections in paracompact spaces: extensions and applications
- On the fundamental theorems of general equilibrium
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