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Equilibria in reflexive Banach lattices with a continuum of agents
Authors:Aloisio?Araujo  author-information"  >  author-information__contact u-icon-before"  >  mailto:aloisio@impa.br"   title="  aloisio@impa.br"   itemprop="  email"   data-track="  click"   data-track-action="  Email author"   data-track-label="  "  >Email author,V.?Filipe?Martins-da-Rocha,Paulo?K.?Monteiro
Affiliation:(1) SCHOLAR, A Research Institute on Schooling, Labor Market and Economic Development, Amsterdam, The Netherlands;(2) Department of Economics and Econometrics, University of Amsterdam, Roetersstraat 11, 1018 WB Amsterdam, The Netherlands;(3) SEO Economic Research, Amsterdam, The Netherlands
Abstract:We consider exchange economies with a measure space of agents and for which the commodity space is a separable and reflexive Banach lattice. Under assumptions imposing uniform bounds on marginal rates of substitution, positive results on core-Walras equivalence were established in Rustichini-Yannelis [27] and Podczeck [25]. In this paper we prove that under similar assumptions on marginal rates of substitution, the set of competitive equilibria (and thus the core) is non-empty.
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