Equilibria in production economies

Charalambos D. Aliprantis, Monique Florenzano and Rabee Tourky
Additional contact information
Charalambos D. Aliprantis: Purdue University
Rabee Tourky: University of Melbourne, http://tourky.org

Cahiers de la Maison des Sciences Economiques from Université Panthéon-Sorbonne (Paris 1)

Abstract: This paper studies production economies having a locally convex topological vector commodity space ordered by a closed and generating convex come such that the order intervals are topologically bounded. The generally assumed lattice properties on the commodity-price duality are replaced by an assumption of uniform properness of the Riesz-Kantorovich functional associated with a list of continuous linear functionals. On such an economy, our assumptions are quite general. In particular, consumers’ preferences are non-ordered, not necessarily monotone, and we do not assume free-disposal. The equilibrium existence theorem established in this paper is the most general for production economies in the literature

Keywords: Production economies; equilibrium; Edgeworth equilibrium; properness; Riesz-Kantorovich formula; sup-convolution (search for similar items in EconPapers)
JEL-codes: C61 C62 D20 D46 D51 (search for similar items in EconPapers)
Pages: 17 pages
Date: 2004-11
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:mse:wpsorb:b04116

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