scientific article; zbMATH DE number 19665
[For the entire collection see Zbl 0734.00037.] The existence of a competitive equilibrium is proved in an exchange economy with a finite number of consumers but with an infinite number of commodities. The commodity space is \(L_ \infty\), that is, a commodity bundle is given by an infinite sequence of numbers. Prices are sequences in the space \(L_ 1\), the dual space of \(L_ \infty\). The main special assumption to be made about preferences is that the preference relation is continuous in terms of the Mackey topology. It is first proved that the set of Pareto optima is not empty. Then it is proved that the set of Pareto optima must contain a competitive equilibrium, by showing that for some Pareto optimum, at the associated price, the value of each consumer's consumption equals the value of his resource.
- On a market equilibrium theorem with an infinite number of commodities
- Competitive equilibria in general choice spaces
- Structure of consumption sets and existence of equilibria in infinite- dimensional spaces
- An equilibrium existence theorem
- Pricing infinite horizon programs
- Markets with infinitely many commodities and a continuum of agents with non-convex preferences
- Economies with a continuum of agents with the commodity-price pairing \((l_ \infty,l_ 1)\)
- Equilibrium analysis of the infinite horizon model with smooth discounted utility functions
- Extension of Stiemke's lemma and equilibrium in economies with infinite-dimensional commodity space and incomplete financial markets
- Arc-connectedness of the set of efficient allocations in overlapping- generations economies
- Production prices and general equilibrium prices. A long-run property of a Leontief economy
- Asset equilibria in \(L^ p\) spaces with complete markets: A duality approach
- Existence of competitive equilibrium when incomes may be zero
- Existence and efficiency of equilibrium in infinite economies with finite aggregate wealth
- Existence of a spatial equilibrium
- Competitive Equilibria in Production Economies with an Infinite-Dimensional Commodity Space
- scientific article; zbMATH DE number 4043563 (Why is no real title available?)
- scientific article; zbMATH DE number 19671 (Why is no real title available?)
- scientific article; zbMATH DE number 19673 (Why is no real title available?)
- scientific article; zbMATH DE number 25852 (Why is no real title available?)
- An Elementary Proof of the Existence of a Competitive Equilibrium in a Special Case
- scientific article; zbMATH DE number 1154013 (Why is no real title available?)
- scientific article; zbMATH DE number 1782567 (Why is no real title available?)
- scientific article; zbMATH DE number 1932365 (Why is no real title available?)
- scientific article; zbMATH DE number 7685235 (Why is no real title available?)
- Pareto optima, welfare weights, and smooth equilibrium analysis
This page was built for publication:
Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q3979158)
