Showing 91 - 100 of 403
Compendious and thorough solutions to the existence of a linear price equilibrium problem, the second welfare theorem, and the limit theorem on the core are provided for exchange economies whose consomption sets are the positive cone of arbitrary ordered Fréchet-dispensing entirely with the...
Persistent link: https://www.econbiz.de/10008795453
An F-cone is a pointed and generating convex cone of a real vector space that is the union of a countable family of finite dimensional polyedral convex cones such that each of which is an extremel subset of the subsequent one. In this paper, we study securities markets with countably many...
Persistent link: https://www.econbiz.de/10010750590
This paper studies production economies in a commodity space that is an ordered locally convex space. We establish a general theorem on the existence of equilibrium without requiring that the commodity space or its dual be a vector lattice. Such commodity spaces arise in models of portfolio...
Persistent link: https://www.econbiz.de/10010750751
Compendious and thorough solutions to the existence of a linear price equilibrium problem, the second welfare theorem, and the limit theorem on the core are provided for exchange economies whose consomption sets are the positive cone of arbitrary ordered Fréchet-dispensing entirely with the...
Persistent link: https://www.econbiz.de/10010750803
The second welfare theorem and the core-equivalence theorem have been proved to be fundamental tools for obtaining equilibrium existence theorems, especially in an infinite dimensional setting. For well-behaved exchange economies that we call proper economies, this paper gives (minimal)...
Persistent link: https://www.econbiz.de/10010750925
An F-cone is a pointed and generating convex cone of a real vector space that is the union of a countable family of finite dimensional polyedral convex cones such that each of which is an extremel subset of the subsequent one. In this paper, we study securities markets with countably many...
Persistent link: https://www.econbiz.de/10010905335
Persistent link: https://www.econbiz.de/10005521050
This paper studies production economies having a locally convex topological vector commodity space ordered by a closed and generating convex come such that the order intervals are topologically bounded. The generally assumed lattice properties on the commodity-price duality are replaced by an...
Persistent link: https://www.econbiz.de/10005670926
The second welfare theorem and the core-equivalence theorem have been proved to be fundamental tools for obtaining equilibrium existence theorems, especially in an infinite dimensional setting. For well-behaved exchange economies that we call proper economies, this paper gives (minimal)...
Persistent link: https://www.econbiz.de/10009448515
Persistent link: https://www.econbiz.de/10005111914