COMPETITIVE EQUILIBRIUM WITH AN ATOMLESS MEASURE SPACE OF AGENTS AND INFINITE DIMENSIONAL COMMODITY SPACES WITHOUT CONVEX AND COMPLETE PREFERENCES

COMPETITIVE EQUILIBRIUM WITH AN ATOMLESS MEASURE SPACE OF AGENTS AND INFINITE DIMENSIONAL COMMODITY SPACES WITHOUT CONVEX AND COMPLETE PREFERENCES
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无原子的主体测度空间和无凸且完全偏好的无限维商品空间的竞争均衡

DOI:
10.15057/26020
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发表时间:
2013
影响因子:
0.6
通讯作者:
Sangjik Lee
Sangjik Lee
中科院分区:
经济学4区
文献类型:
--
作者:
Sangjik Lee

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We prove the existence of a competitive equilibrium for an economy with an atomless measure space of agents and an infinite dimensional commodity space. The commodity space is a separable Banach space with a non-empty interior in its positive cone. We dispense with convexity and completeness assumptions on preferences. We employ a saturated probability space for the space of agents which enables us to utilize the convexifying effect on aggregation. By applying the Gale-Nikaido-Debreulemma, we provide a direct proof of the existence of a competitive equilibrium.