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We prove a theorem on the existence of general equilibrium for a production economy with unordered preferences in a topological vector lattice commodity space. Our consumption sets need not have a lower bound and the set of feasible allocations need not be topologically bounded. Furthermore, we...
Persistent link: https://www.econbiz.de/10010541625
We consider production economies with unordered preferences and general consumption sets in a vector lattice commodity space. We show, by adapting the approach of Richard (1989), that Edgeworth equilibria can be supported as pseudo-equilibria by continuous prices.
Persistent link: https://www.econbiz.de/10010541736
We consider economies with general consumption sets in a vector lattice commodity space. We show, by adapting the techniques of Mas-Colell and Richard (8) and Richard (10), the Edgeworth equilibria can be supported as pseudo-equilibria by continuous prices. A corollary of this result is that...
Persistent link: https://www.econbiz.de/10010541780
We prove a theorem on the existence of general equilibrium for a production economy with unordered preferences in a topological vector lattice commodity space. Our consumption sets need not have a lower bound and the set of feasible allocations need not be topologically bounded. Furthermore, we...
Persistent link: https://www.econbiz.de/10008867810
We consider economies with general consumption sets in a vector lattice commodity space. We show, by adapting the techniques of Mas-Colell and Richard (8) and Richard (10), the Edgeworth equilibria can be supported as pseudo-equilibria by continuous prices. A corollary of this result is that...
Persistent link: https://www.econbiz.de/10008867834
Persistent link: https://www.econbiz.de/10005521050
Persistent link: https://www.econbiz.de/10005425262
We prove Aliprantis, Brown, and Burkinshaw's (1987) theorem on the equivalence of Edgeworth production equilibria and pseudo-equilibria in a more general setting. We consider production economies with unordered preferences and general consumption sets in a vector lattice commodity space. We...
Persistent link: https://www.econbiz.de/10005371197
We present a complete, separable and metrizable topology on the product space of information and (subjective) beliefs. Such a topology formalizes similarity of differential information without the assumption of a common prior, but under the assumption that objectively impossible events are...
Persistent link: https://www.econbiz.de/10005388062
Persistent link: https://www.econbiz.de/10005388109