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This paper proves core-equivalence theorems for exchange economies without ordered preferences, defined on locally convex Riesz commodity spaces such that the price space is a lattice. Properness assumptions are borrowed from some recent equilibrium existence results.
Persistent link: https://www.econbiz.de/10005371017
This paper investigates the existence of competitive equilibria in dynamic exchange models with countably many periods and countably many agents. At each period the commodity space can be finite or infinite dimensional. The preferences of agents are not assumed to be transitive or complete. A...
Persistent link: https://www.econbiz.de/10005371159
In this paper, we first give a direct proof of the existence of Edgeworth equilibria for exchange economies with consumption sets which are (possibly) unbounded below. The key assumption is that the individually rational utility set is compact. It is worth noticing that the statement of this...
Persistent link: https://www.econbiz.de/10005370865
Persistent link: https://www.econbiz.de/10005596807