Equilibria in large economies with a separable Banach commodity space and non-ordered preferences |
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Authors: | V. Filipe Martins-da-Rocha |
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Affiliation: | CERMSEM, UMR CNRS 8095, Université Paris 1, 106–112 Boulevard de l’Hôpital, 75647, Paris Cedex 13, France |
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Abstract: | The purpose of this paper is to provide an existence result of equilibria for economies with a measure space of agents, a non-trivial production sector and an infinite dimensional commodity space. The commodity space is modeled by an ordered separable Banach space whose positive cone has a non-empty interior. The discretization approach proposed in this paper, allows us to extend the existence results in Khan and Yannelis [Equilibrium in markets with a continuum of agents and commodities. In: Khan, M.A., Yannelis, N.C. (Eds.), Equilibrium Theory in Infinite Dimensional Spaces. Springer, Berlin, 1991] and Podczeck [Economic Theory 9 (1997) 585] to economies with a non-trivial production sector and with possibly non-ordered but convex preferences as well as partially ordered (possibly incomplete) but non-convex preferences. |
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Keywords: | Measure space of agents Separable Banach commodity spaces Non-ordered but convex preferences Partially ordered but non-convex preferences Discretization of measurable correspondences |
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