This paper considers an exchange economy with a measure space of agents and consumption externalities, which take into account two possible external effects on consumers’ preferences: dependence upon prices and dependence upon other agents’ consumption. We first consider a model with a...

This paper considers an exchange economy with a measure space of agents and consumption externalities, which take into account two possible external eects in consumers¡¯ preferences: the dependence upon prices and other agents¡¯ consumptions, respectively, as in Greenberg et al. [12] and...