Fatou's lemma, Galerkin approximations and the existence of Walrasian equilibria in infinite dimensions

MaRDI QIDQ4589182zbMATH OpenFDO

Authors M. Ali Khan, Nobusumi Sagara

Publication date 9 November 2017

Full work available at URL https://arxiv.org/abs/1610.04776, http://www.yokohamapublishers.jp/online2/oppafa/vol2/p317.html

zbMATH Keywords

Galerkin approximationLyapunov convexity theoremBochner integralFatou's lemmaGelfand integralsaturated measure spacecontinuum of agentscontinuum of commoditiesWalrasian general equilibrium theory

Mathematics Subject Classification ID

Vector-valued set functions, measures and integrals (28B05) Spaces of measurable functions ((L^p)-spaces, Orlicz spaces, Köthe function spaces, Lorentz spaces, rearrangement invariant spaces, ideal spaces, etc.) (46E30) General equilibrium theory (91B50) Set-valued set functions and measures; integration of set-valued functions; measurable selections (28B20) Numerical methods for ill-posed problems for boundary value problems involving PDEs (65N20)

Abstract: This essay has three objectives: (i) to report recent generalizations of Fatou's lemma to multi-functions taking values in a Banach space, and framed in terms of both Bochner and Gelfand integration; (ii) to delineate the importance of Galerkin approximations in Walrasian general equilibrium theory with a continuum of agents and commodities; and thereby (iii) to present two new results on the existence of a Walrasian equilibrium in economies where the continuum of agents is formalized as a saturated measure space.

Recommendations

• Fatou's lemma for unbounded Gelfand integrable mappings
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Cited in

(5)

• Fatou's lemma for unbounded Gelfand integrable mappings
• An exact Fatou lemma for Gelfand integrals: a characterization of the Fatou property
• Equilibria in reflexive Banach lattices with a continuum of agents
• Relaxation and purification for nonconvex variational problems in dual Banach spaces: the minimization principle in saturated measure spaces
• Equilibria in a large production economy with an infinite dimensional commodity space and price dependent preferences

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