A NEW APPROACH TO THE EXISTENCE OF EQUILIBRIA IN VECTOR LATTICES

被引：48

作者：

MASCOLELL, A ^{[1
]}

RICHARD, SF ^{[1
]}

机构：

[1] CARNEGIE MELLON UNIV,PITTSBURGH,PA 15213

来源：

JOURNAL OF ECONOMIC THEORY | 1991年 / 53卷 / 01期

基金：

美国国家科学基金会;

关键词：

D O I：

10.1016/0022-0531(91)90140-Y

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Motivated by recent work of Huang and Kreps it is shown that the existence of a general equilibrium in an exchange economy whose commodity space is a vector lattice is guaranteed if (in addition to standard hypotheses) the price space is also a lattice. This is very weak in contrast with the usual requirement that the topology of the commodity space be locally solid (i.e., continuity of the lattice operations), a condition violated in models of Jones and of Huang and Kreps. The key to our proof is a disaggregated approach to the construction of supporting prices. © 1991.

引用

页码：1 / 11

页数：11

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[2]

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