Equilibria in large economies with differentiated commodities and non-ordered preferences

B-Tier
Journal: Economic Theory
Year: 2004
Volume: 23
Issue: 3
Pages: 529-552

Score contribution per author:

2.011 = (α=2.01 / 1 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

The purpose of this paper is to provide an equilibrium existence result for economies with a measure space of agents, a finite set of producers and infinitely many differentiated commodities. The approach proposed in this paper, based on the discretization of measurable correspondences, allows us to extend the existence results in Ostroy and Zame (1994) and Podczeck (1997) to economies with a non-trivial production sector and with possibly non-ordered preferences. Moreover, our approach allows for more general consumption sets than the positive cone and following the direction introduced by Podczeck (1998), the uniform substitutability assumptions of Mas-Colell (1975), Jones (1983), and Ostroy and Zame (1994), are replaced by the weaker assumptions of uniform properness. Copyright Springer-Verlag Berlin/Heidelberg 2004

Technical Details

RePEc Handle
repec:spr:joecth:v:23:y:2004:i:3:p:529-552
Journal Field
Theory
Author Count
1
Added to Database
2026-01-25