The Riesz-Kantorovich formula and general equilibrium theory

DOI10.1016/S0304-4068(99)00041-5MaRDI QIDQ1576472zbMATH OpenOpenAlexFDO

Authors Charalambos D. Aliprantis, R. Tourky, Nicholas C. Yannelis

Publication date 14 August 2000

Published in Journal of Mathematical Economics (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/s0304-4068(99)00041-5

zbMATH Keywords

Riesz-Kantorovich formulasupremum

Mathematics Subject Classification ID

Fundamental topics (basic mathematics, methodology; applicable to economics in general) (91B02) General equilibrium theory (91B50)

Review text

This paper adresses the question: Is there an example of a pair of order-bounded linear functionals \(f\) and \(g\) for which the supremum \(f\vee g\) exists but does not satisfy the Riesz-Kantorovich formula? The authors consider an arbitrary ordered vector space \(L\) with order unit and weakly compact order intervals. If \(f\) and \(g\) are continuous linear functionals on \(L\) and \(f\vee g\) exists in the order dual \(L^\sim\), then \(f\vee g\) must satisfy the Riesz-Kantorovich formula. In addition, the authors demonstrate that if \(L\) is locally convex with weakly compact intervals, then \(f\vee g\) exists in \(L^\sim\) for any pair of continuous linear functionals \(f\) and \(g\) if and only if \(L\) has the Riesz decomposition property.

Recommendations

• The super order dual of an ordered vector space and the Riesz-Kantorovich formula
• The Riesz-Kantorovich formulae
• A representation theorem for Riesz spaces and its applications to economics
• Positive continuous linear functionals on Riesz spaces and applications to minimax theorems

Cites work

• A new approach to the existence of equilibria in vector lattices
• A new approach to the limit theorem on the core of an economy in vector lattices
• A theory of value with nonlinear prices. Equilibrium analysis beyond vector lattices
• Cone conditions in general equilibrium theory
• Decentralizing Edgeworth equilibria in economies with many commodities
• Edgeworth Equilibria
• Equilibria in Banach lattices without ordered preferences
• Equilibria in vector lattices without ordered preferences or uniform properness
• scientific article; zbMATH DE number 3971469 (Why is no real title available?)
• scientific article; zbMATH DE number 3983937 (Why is no real title available?)
• scientific article; zbMATH DE number 43981 (Why is no real title available?)
• scientific article; zbMATH DE number 1351867 (Why is no real title available?)
• scientific article; zbMATH DE number 3271001 (Why is no real title available?)
• scientific article; zbMATH DE number 3365842 (Why is no real title available?)
• On fundamental properties of a Banach space with a cone
• On the existence of equilibria in economies with an infinite dimensional commodity space
• Ordered linear spaces
• Regular operators from and into a small Riesz space
• The limit theorem on the core of a production economy in vector lattices with unordered preferences
• The Price Equilibrium Existence Problem in Topological Vector Lattices
• THE REGULARITY OF ORDER BOUNDED OPERATORS INTO C (K), II
• When is the core equivalence theorem valid?

Cited in

(10)

• Riesz-Kantorovich formulas for operators on multi-wedged spaces
• The Riesz-Kantorovich formula for lexicographically ordered spaces
• On positive-off-diagonal operators on ordered normed spaces
• General equilibrium analysis in ordered topological vector spaces
• Operators in pre-Riesz spaces: moduli and homomorphisms
• The Riesz-Kantorovich formulae
• Equilibrium analysis of Kantorovich spaces
• The super order dual of an ordered vector space and the Riesz-Kantorovich formula
• A theory of value with nonlinear prices. Equilibrium analysis beyond vector lattices
• Production equilibria

This page was built for publication: The Riesz-Kantorovich formula and general equilibrium theory

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q1576472)