An Axiomatization of the Walras Correspondence in Infinite Dimensional Spaces

Mukul Majumdar and Bezalel Peleg

International Economic Review, 1997, vol. 38, issue 4, 853-64

Abstract: This paper presents a generalization of earlier results on the axiomatization of the Walras correspondence to generalized (pure exchange) economies, where the commodity space is the positive cone in an ordered locally convex topological vector space. The authors' main result characterizes the Walras correspondence completely over an 'acceptable' class of economies in terms of consistency, converse consistency, and weak versions of Pareto optimality and nonemptiness. Important examples of economies that are 'acceptable' are given in detail. Copyright 1997 by Economics Department of the University of Pennsylvania and the Osaka University Institute of Social and Economic Research Association.

Date: 1997
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:ier:iecrev:v:38:y:1997:i:4:p:853-64

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0020-6598

Access Statistics for this article

International Economic Review is currently edited by Harold L. Cole

More articles in International Economic Review from Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association 160 McNeil Building, 3718 Locust Walk, Philadelphia, PA 19104-6297. Contact information at EDIRC.
Bibliographic data for series maintained by Wiley-Blackwell Digital Licensing () and ().