Edgeworth equilibria: separable and non-separable commodity spaces

Anuj Bhowmik

MPRA Paper from University Library of Munich, Germany

Abstract: Consider a pure exchange differential information economy with an atomless measure space of agents and a Banach lattice as the commodity space. If the commodity space is separable, then it is shown that the private core coincides with the set of Walrasian expectations allocations. In the case of non-separable commodity space, a similar result is also established if the space of agents is decomposed into countably many different types.

Keywords: Differential information economy; Extremely desirable bundle; Private core. (search for similar items in EconPapers)
JEL-codes: D41 D51 D82 (search for similar items in EconPapers)
Date: 2013-05-07
New Economics Papers: this item is included in nep-cta and nep-mic
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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