Valuation equilibrium and Pareto optimum in non-convex economies
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We report an extension of the second welfare theorem when both convexity and differentiability assumptions are violated. Our model allows various formalization of the marginal rule and considers the general setting of a topological vector space of commodities.
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- scientific article; zbMATH DE number 1552284
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Cited in
(28)- Remarks on the first welfare theorem with nonordered preferences
- Ioffe's normal cone and the foundations of welfare economics: The infinite dimensional theory
- Two-part marginal cost pricing equilibria: Existence and efficiency
- Optimality and the theory of value
- Valuation equilibrium with clubs
- An abstract extremal principle with applications to welfare economics
- Risk sharing in the small and in the large
- The Dubovickij-Miljutin lemma and characterizations of optimal allocations in non-smooth economies
- Market failures and equilibria in Banach lattices: new tangent and normal cones
- A second welfare theorem in a non-convex economy: the case of antichain-convexity
- Pareto optimality and Walrasian equilibria
- A nonconvex separation property and some applications
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- scientific article; zbMATH DE number 1552284 (Why is no real title available?)
- Characterizations of the free disposal condition for nonconvex economies on infinite dimensional commodity spaces
- Optimal allocations with α‐MaxMin utilities, Choquet expected utilities, and prospect theory
- Marginal pricing equilibrium with externalities in Riesz spaces
- Localizing vector optimization problems with application to welfare economics
- On Pareto dominance in decomposably antichain-convex sets
- Supporting weakly Pareto optimal allocations in infinite dimensional nonconvex economies
- La théorie mathématique de l'équilibre économique: Extension du modèle de Arrow-Debreu au cadre non convexe. (The mathematical theory of economic equilibrium: Extension of the Arrow-Debreu model to a nonconvex framework)
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