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Equilibrium in abstract economies without ordered preferences and with a measure space of agents
Authors:MAli Khan  Rajiv Vohra
Institution:Cornell University, Ithaca, NY 14853, USA;The Johns Hopkins University, Baltimore, MD 21218, USA;Brown University, Providence, RI 02912, USA
Abstract:We report a generalization of Aumann's (1966) existence theorem to economies without ordered preferences and with externalities in consumption. Our work can alternatively be viewed as a generalization of the Shafer–Sonnenschein (1975) theorem to economies with a continuum of agents.
Keywords:
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