On the Mas-Colell-Richard Equilibrium Theorem
On the Mas-Colell-Richard Equilibrium Theorem
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关于马斯-科莱尔-理查德平衡定理
DOI:
10.1006/jeth.1996.2257
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发表时间:
1997
影响因子:
1.6
通讯作者:
C. Aliprantis
中科院分区:
文献类型:
--
作者:
C. Aliprantis
A. Mas-Colell and S. F. Richard (J. Econ. Theory53(1991), 1–11) published a remarkable infinite dimensional equilibrium existence theorem for exchange economies that encompasses all the currently available important equilibrium results as corollaries. To prove this theorem, the authors utilized in an ingenious way the lattice structure of Riesz spaces. However, in two critical steps during the proof of the theorem, there is an “obvious” claim used by the authors which may fail to be true. In this note, we present an example where this “obvious” conclusion is false. We also indicate how one can correct the proof of this truly outstanding equilibrium existence theorem.Journal of Economic LiteratureClassification Numbers: D51, D60.