Abstract
Core existence results are proved for exchange economies with an infinite dimensional commodity space. In particular, the commodity space may be any ordered Hausdorff linear topological space, and agents’ preferences need not be transitive, complete, monotone or convex; preferences may even be interdependent. Under these assumptions a quasi equilibrium may not exist.
The results of this paper were obtained in 1984. The present version is virtually identical to the Discussion paper No. 214, June 1985, University of Minnesota. The minor changes are due to suggestions made by Charles Holly to whom I am very thankful. It should be noted that Atsumi Kajii has recently obtained cr-core existence results for normal form games without ordered preferences.
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Yannelis, N.C. (1991). The Core of an Economy Without Ordered Preferences. In: Khan, M.A., Yannelis, N.C. (eds) Equilibrium Theory in Infinite Dimensional Spaces. Studies in Economic Theory, vol 1. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-662-07071-0_4
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DOI: https://doi.org/10.1007/978-3-662-07071-0_4
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