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This note illustrates that the saturation property of a probability space can be used to routinely generalize results on the integration of Banach valued correspondences over a Loeb measure space to those over an arbitrary saturated probability space. On the other hand, the saturation property...
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Abstract This paper investigates the existence of equilibrium in an economy where preferences may be non-ordered and possibly satiable. Remarkably, satiation is allowed to occur only inside the set of feasible and individually rational allocations. One important class of its applications is new...
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Under the Bayesian-Walrasian Equilibrium (BWE) (see Balder and Yannelis, 2009), agents form price estimates based on their own private information, and in terms of those prices they can formulate estimated budget sets. Then, based on his/her own private information, each agent maximizes interim...
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