MARKETS WITH COUNTABLY MANY COMMODITIES.

Abstract

In this paper, we prove the existence of competitive equilibrium in a market with countably many commodities. By the term 'market' we mean to emphasize that we are dealing with a pure trade model, in which there is no production. Our result generalizes the existing theory of competitive equilibrium in a finite-dimensional commodity space. The significance of this generalization, we feel, is that it opens a door that could lead, eventually, to a theory of decentralized economic growth. (Author)

Document Details

Document Type
Technical Report
Publication Date
Aug 01, 1968
Accession Number
AD0676772

Entities

People

  • Bezalel Peleg
  • Mehahem E. Yaari

Organizations

  • Hebrew University of Jerusalem

Tags

DTIC Thesaurus Topics

  • Applied Mathematics
  • Chemical Reaction Properties
  • Commerce
  • Commodities
  • Economics
  • Game Theory
  • Interdisciplinary Science
  • Mathematics
  • Operations Research
  • Production

Fields of Study

  • Economics

Readers

  • Economics
  • Finite Element Method (FEM) for solving Partial Differential Equations (PDEs)

Technology Areas

  • Space