Equilibria in reflexive Banach lattices with a continuum of agents
Araujo, Aloisio; Martins-da-Rocha, Victor-Filipe; Monteiro, Paulo K. (2004), Equilibria in reflexive Banach lattices with a continuum of agents, Economic Theory, 24, 3, p. 469-492. http://dx.doi.org/10.1007/s00199-004-0478-4
TypeArticle accepté pour publication ou publié
Journal nameEconomic Theory
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Abstract (EN)We consider exchange economies with a measure space of agents and for which the commodity space is a separable and reflexive Banach lattice. Under assumptions imposing uniform bounds on marginal rates of substitution, positive results on core-Walras equivalence were established in Rustichini-Yannelis  and Podczeck . In this paper we prove that under similar assumptions on marginal rates of substitution, the set of competitive equilibria (and thus the core) is non-empty.
Subjects / KeywordsCompetitive equilibria; Continuum of agents; Reflexive Banach lattice commodity spaces; Uniform properness
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Tourky, Rabee; Martins-da-Rocha, Victor-Filipe; Florenzano, Monique; Aliprantis, Charalambos (2004) Article accepté pour publication ou publié