Equilibrium in economies with infinitely many consumers and infinitely many commodities

Equilibrium in economies with infinitely many consumers and infinitely many commodities

This paper examines the existence of equilibrium in an economy with a countable infinity of consumers in which the commodity space is L ∞. We prove the existence of a quasi-equilibrium when preferences are Mackey continuous. We also explore the relationship between equilibria and optima in the model...

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Veröffentlicht in:Journal of mathematical economics 1988, Vol.17 (1), p.9-21
Hauptverfasser: Richard, Scott F., Srivastava, Sanjay
Format: Artikel
Sprache:eng
Schlagworte:
Commodities
Competitive
Consumers
Economic models
Equilibrium
Mathematical models
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Beschreibung
Zusammenfassung:This paper examines the existence of equilibrium in an economy with a countable infinity of consumers in which the commodity space is L ∞. We prove the existence of a quasi-equilibrium when preferences are Mackey continuous. We also explore the relationship between equilibria and optima in the model.
ISSN:0304-4068
1873-1538
DOI:10.1016/0304-4068(88)90023-7