Quasi-Equilibrium and Equilibrium in a Large Production Economy with Differentiated Commodities
A general equilibrium model of economies with differentiated commodities and infinitely many producers and consumers is developed. In particular, results on the existence of quasi-equilibria and equilibria are proved. The key assumption for the quasi-equilibrium existence result is that preferences and production sets are uniformly proper.
KeywordsIncome Hull Radon Summing vErI
Unable to display preview. Download preview PDF.
- 11.R. Holmes, Geometrical functional analysis and its applications, Springer, New York Heidelberg Berlin, 1975.Google Scholar
- 17.A. Mas-Colell, Valuation equilibrium and Pareto optimum revisited, in: Contributions to mathematical economics (eds. W. Hildenbrand and A. Mas-Colell), North-Holland, New York, 1986.Google Scholar
- 22.K. Podczeck, Walrasian equilibria in large production economies with differentiated commodities, University of Vienna, Working Paper, 1985.Google Scholar
- 25.S. Richard, Competitive equilibria in Riesz spaces, Carnegie-Mellon University, Pittsburgh, Working Paper, 1986.Google Scholar
- 30.N. C. Yannelis and W. R. Zame, Equilibria in Banach lattices without ordered preferences, Preprint No. 71, Institute for Mathematics and its Applications, University of Minnesota (1984). A shortened version has appeared in Journal of Mathematical Economics 15, 85-110.Google Scholar
- 31.W. R. Zame, Markets with a continuum of traders and infinitely many commodities, SUNY at Buffalo, Working Paper, 1986.Google Scholar