General equilibrium in economies with infinite dimensional commodity spaces : a truncation approach

Gerard van der Laan; Cees Withagen

Mostly infinite dimensional economies can be considered limits offinite dimensional economies, in particular when we think of time orproduct differentiation. We investigate conditions under which sequences of quasi-equilibria in finite dimensional economies converge to a quasi-equilibrium in the infinite dimensional economy. It is shown that convergence indeed occurs if the usual continuity assumption concerning the preference relations for finite dimensional commodity spaces is slightly modified.

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Year of publication:	2000
Authors:	Laan, Gerard van der ; Withagen, Cees
Publisher:	Rotterdam [u.a.] : Tinbergen Inst.
Subject:	general equilibrium \| truncation \| infinite dimensional commodity space \| Allgemeines Gleichgewicht \| General equilibrium \| Theorie \| Theory \| Wohlfahrtsökonomik \| Welfare economics