Nonstandard Exchange Economies,
Abstract
An exchange economy consists of a set of traders each of whom is characterized by an initial endowment and a preference relation. In addition, one usually assumes that the set of traders is finite. But in order to state theorems precisely concerning the asymptotic or limiting properties of the core--such theorems will be called limit theorems--economies have been studied which have an infinite number of traders. The concepts of interest, here the core and competitive equilibrium, can be defined even in infinite economies. (Author)
Document Details
- Document Type
- Technical Report
- Publication Date
- May 11, 1971
- Accession Number
- AD0724693
Entities
People
- Abraham Robinson
- Donald J. Brown
Organizations
- Yale University