General equilibrium with imperfect discriminating power

DOI10.1016/0304-4068(93)90035-JMaRDI QIDQ690335zbMATH OpenOpenAlexFDO

Authors A. Y. Le Roux

Publication date 20 April 1995

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

Full work available at URL https://doi.org/10.1016/0304-4068(93)90035-j

zbMATH Keywords

consumer preferencesexchange economysemiorder

Mathematics Subject Classification ID

Individual preferences (91B08) General equilibrium theory (91B50)

Review text

\textit{D. T. Jamison} and \textit{L. J. Lau} [Econometrica 45, 1595-1605 (1977; Zbl 0369.90011)] analyzed the consequences of introducing the assumption that consumer preferences in an exchange economy are a semiorder instead of the more common preorder. The present paper goes further to establish the full dimensionality of the set of equilibrium allocations and the set of equilibrium prices in such situations.

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Cites work

• Biorder families, valued relations, and preference modelling
• scientific article; zbMATH DE number 3307201 (Why is no real title available?)
• scientific article; zbMATH DE number 3365044 (Why is no real title available?)
• Semiorders and a Theory of Utility Discrimination
• The Classical Theorem on Existence of Competitive Equilibrium
• The Nature of Equilibrium with Semiordered Preferences

Cited in

(1)

• Smallness of a commodity and partial equilibrium analysis

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