THE GENERAL EXISTENCE OF EXTENDED PRICE EQUILIBRIA WITH INFINITELY MANY COMMODITIES

成果类型:
Note
署名作者:
ARAUJO, A; MONTEIRO, PK
署名单位:
Getulio Vargas Foundation; Universidade Federal do Rio de Janeiro
刊物名称:
JOURNAL OF ECONOMIC THEORY
ISSN/ISSBN:
0022-0531
DOI:
10.1006/jeth.1994.1049
发表日期:
1994
页码:
408-416
关键词:
摘要:
This paper deals with the existence of equilibria with infinitely many goods. Its main goal is to show that when restricted to the set of feasible allocations there exists an economically meaningful price (in the sense that a price in L1 is economically meaningful but a purely finitely additive measure is not). We cover both the L(p) (1 less-than-or-equal-to p less-than-or-equal-to infinity) and M(K) cases. (C) 1994 Academic Press, Inc.