Equilibria in a large production economy with an infinite dimensional commodity space and price dependent preferences

DOI10.1016/J.JMATECO.2020.05.005zbMATH Open1448.91158arXiv1904.07444OpenAlexW3033190131MaRDI QIDQ2201701FDOQ2201701

Authors: Hyo Seok Jang, Sangjik Lee 

Publication date: 17 September 2020

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

Abstract: We prove the existence of a competitive equilibrium in a production economy with infinitely many commodities and a measure space of agents whose preferences are price dependent. We employ a saturated measure space for the set of agents and apply recent results for an infinite dimensional separable Banach space such as Lyapunov's convexity theorem and an exact Fatou's lemma to obtain the result.

Full work available at URL: https://arxiv.org/abs/1904.07444

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zbMATH Keywords

Fatou's lemmasaturated measure spaceseparable Banach spaceLyapunov's convexity theoremprice dependent preferences

Mathematics Subject Classification ID

Special types of economic equilibria (91B52) Normed linear spaces and Banach spaces; Banach lattices (46B99)

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Cited In (15)

• Characterization and incentive compatibility of Walrasian expectations equilibrium in infinite dimensional commodity spaces
• On the continuity of the Walras correspondence in distributional economies with an infinite-dimensional commodity space
• A weak \(\alpha\)-core existence theorem of generalized games with infinitely many players and pseudo-utilities
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• Competitive Equilibria in Production Economies with an Infinite-Dimensional Commodity Space
• A social coalitional weak equilibrium existence theorem with a continuum of agents and applications
• Conditional expectation of Banach valued correspondences and economic applications
• The weak hybrid equilibria of an exchange economy with a continuum of agents and externalities
• Competitive equilibria of a large exchange economy on the commodity space ℓ∞
• Equilibria in large economies with differentiated commodities and non-ordered preferences
• The Walrasian objection mechanism and Mas-Colell's bargaining set in economies with many commodities
• Equilibria in large economies with a separable Banach commodity space and non-ordered preferences.
• Equilibria in infinite-dimensional production economies with convexified coalitions
• Econimies with a measure space of agents and a separable commodity space

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