A note on the equilibrium theory of economies with asymmetric information

Foivos Xanthos

Journal of Mathematical Economics, 2014, vol. 55, issue C, 1-3

Abstract: In this note, we give an equilibrium existence theorem for exchange economies with asymmetric information and with an infinite dimensional commodity space. In our model, we assume that preferences are represented by well behaved utility functions, the positive cone has a non empty interior and the individual rational utility set is compact. Our result complements the corresponding one in Podczeck and Yannelis (2008), in the sense that is applicable to commodity spaces in which the order intervals are (possibly) not compact with respect to any Hausdorff linear topology.

Keywords: Asymmetric information; General equilibrium theory; Infinite dimensional commodity spaces; Individually rational utility set (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0304406814001086
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:mateco:v:55:y:2014:i:c:p:1-3

DOI: 10.1016/j.jmateco.2014.08.006

Access Statistics for this article

Journal of Mathematical Economics is currently edited by Atsushi (A.) Kajii

More articles in Journal of Mathematical Economics from Elsevier
Bibliographic data for series maintained by Catherine Liu ().