Valuation and Optimality in Exchange Economies with a Countable Number of Agents

We present versions of the two fundamental welfare theorems of economics for exchange economies with a countable number of agents and an infinite dimensional commodity space. These results are then specialized to the overlapping generations model.

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Year of publication:	1987-06
Authors:	Brown, Donald J. ; Aliprantis, Charalambos ; Burkinshaw, Owen
Institutions:	Cowles Foundation for Research in Economics, Yale University
Subject:	Welfare theorem \| overlapping generations model \| Pareto optimality \| competitive equilibrium

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Extent:	application/pdf
Series:	Cowles Foundation Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	Published in C.D. Aliprantis, K.C. Border and W.A.J. Luxemburg, Positive Operators, Riesz Spaces, and Economics, Springer-Verlag, 1991 The price is None Number 838 17 pages
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005593543