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General Equilibrium with Infinitely Many Goods: The Case of Separable Utilities

Aloisio Araujo and Paulo Monteiro

Chapter 2 in Equilibrium and Dynamics, 1992, pp 17-28 from Palgrave Macmillan

Abstract: Abstract General equilibrium is nowadays, perhaps, the most well established framework in which to study several aspects of economic phenomena. Such diverse topics as growth, money, finance and international trade use the methods and the framework of general equilibria. That was not the case in the early 1950s when David Gale, together with Arrow, Debreu, McKenzie and Nikaido among others, started the systematic study that led this revolutionary change. Recently, there has been an increasing interest in the generalisation of this work to the case of infinitely many goods, needed for some applications. This study is a contribution to this literature. We start by giving a general overview of the problem of general equilibrium with infinitely many goods.

Keywords: General Equilibrium; Price Equilibrium; Initial Endowment; Equilibrium Existence; Commodity Space (search for similar items in EconPapers)
Date: 1992
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-11696-6_2

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DOI: 10.1007/978-1-349-11696-6_2

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