Quasi-equilibria in Banach spaces with lower semi-continuous preferences

DOI10.1007/S00199-004-0565-6MaRDI QIDQ818530zbMATH OpenOpenAlexFDO

Authors Ning Sun

Publication date 21 March 2006

Published in Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/s00199-004-0565-6

zbMATH Keywords

Banach commodity spaceInfinitely many commoditiesLower semi-continuous preferencesOpen corePropernessQuasi-equilibrium

Mathematics Subject Classification ID

Special types of economic equilibria (91B52) Special types of economic markets (including Cournot, Bertrand) (91B54)

Review text

The paper contributes to the theory of equilibria in finitely dimensional economies. The attention is focused on the economies in which the consumers' preferences are lower semi-continuous and in which infinitely many commodities are dealt. It is especially stressed that the model includes the lexicographical ordering, too, and that its principles can be widely used in the social choice theory. As the preferences of the considered type may not be represented by a utility function, many significant methods of the classical finite dimensional settings cannot be used. The main result of the paper regards the proof of the existence of a non-trivial quasi-equilibrium for the considered economies. Further results characterize the relations between deterministic and fuzzy open cores and, especially, extend the main result to economies with a rather more general total production set.

Recommendations

• Open core and quasi-equilibria with lower semi-continuous preferences
• Equilibria in Banach lattices without ordered preferences
• Bewley's limiting approach to infinite dimensional economies with l.s.c. Preferences
• Equilibria in large economies with a separable Banach commodity space and non-ordered preferences.
• Production equilibria in vector lattices.

Cited in

(6)

• Open core and quasi-equilibria with lower semi-continuous preferences
• Quasi-equilibrium in economies with infinite dimensional commodity spaces: A truncation approach
• Bewley's limiting approach to infinite dimensional economies with l.s.c. Preferences
• Semistrictly quasiconcave approximation and an application to general equilibrium theory
• Existence of an upper hemi-continuous and convex-valued demand sub-correspondence
• General equilibrium with imperfect discriminating power

This page was built for publication: Quasi-equilibria in Banach spaces with lower semi-continuous preferences

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q818530)