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Traders

Michael Allingham
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Michael Allingham: University of Kent

Chapter 2 in Theory of Markets, 1989, pp 4-22 from Palgrave Macmillan

Abstract: Abstract We consider a universe with a given set N = {1,…, n} of commodities, with n ⩾ 2. Commodities are perfectly divisible, so that the commodity space may be taken as the n-dimensional Euclidean space R n . A commodity bundle, or position, is represented by an element of R n .

Keywords: Utility Function; Preference Relation; Maximal Element; Gradient Function; Compact Convex Subset (search for similar items in EconPapers)
Date: 1989
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-10265-5_2

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DOI: 10.1007/978-1-349-10265-5_2

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