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.
KeywordsProbability Measure Marginal Rate Walrasian Equilibrium Free Disposal Equilibrium Existence
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