General equilibrium and resource economics

Cees Withagen and Jan H. van Geldrop
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Jan H. van Geldrop: Department of Mathematics Computing Science, Eindhoven University of Technology, P.O. Box 513, NL-5600 MB Eindhoven, THE NETHERLANDS

Economic Theory, 1999, vol. 14, issue 3, 704 pages

Abstract: For a number of reasons a large class of general equilibrium models from the field of resource economics does not allow for an equilibrium analysis along the lines of the theory of infinite dimensional commodity spaces. The reasons concern the choice of the commodity space and the applicability of properness assumptions with respect to preferences and the technology. This paper illustrates the difficulties and shows for a prototype model how the problems can successfully be tackled by the use of a limit argument on equilibria in the truncated economies.

Keywords: General equilibrium; Resource economies; Truncation. (search for similar items in EconPapers)
JEL-codes: D50 Q30 (search for similar items in EconPapers)
Date: 1999-10-14
Note: Received: May 2, 1996; revised version: May 13, 1998
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Citations: View citations in EconPapers (2)

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