This paper illustrates two types of pitfalls in using linearization methods. First, if constraints are linearized before deriving optimality conditions, the derived conditions are not correct up to first order. Second, even when the behavior of the economy is correct to the first order, applying...

The volume contains the proceedings of a conference in ma- thematical economics held at the California Institute of Technology, April 16-20, 1990.The theme of the conference was to explore the functional analytic techniques (and in particular the theory of Riesz spaces and positive opera- tors)...