Production equilibria in vector lattices with unordered preferences: an approach using finite-dimensional approximations

Valeri Marakulin ()

CEPREMAP Working Papers (Couverture Orange) from CEPREMAP

Abstract: The goal of the paper is to prove the existence of competitive production quasi-equilibria in linear vector lattices. We assume that the commodity space is a vector lattice endowed with a Hausdorff locally convex topology such that the positive cone is closed and the topological dual is a lattice. Preferences are not assumed to be transitive and complete. We allow also a rather arbitrary form of consumption sets which, together with production sets, satisfy a kind of proper condition. This condition "a set to be proper" is significantly weakened in comparison with other papers. The existence result is stated via the method of finite-dimensional approximations of the commodity space.

JEL-codes: D51 (search for similar items in EconPapers)
Date: 1998
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Persistent link: http://EconPapers.repec.org/RePEc:cpm:cepmap:9821

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