Accession Number:
AD0637704
Title:
COMPETITIVE EQUILIBRIA IN MARKETS WITH A CONTINUUM OF TRADERS AND INCOMPLETE PREFERENCES.
Descriptive Note:
Research memo.
Corporate Author:
HEBREW UNIV JERUSALEM (ISRAEL) DEPT OF MATHEMATICS
Personal Author(s):
Report Date:
1966-06-01
Pagination or Media Count:
17.0
Abstract:
It is shown that a market with a continuum of traders possesses a competitive equilibrium even when the preferences are not complete. This generalizes further a result of Aumann, Econometrica 32 39-50 1964 34 1-171966 who showed that the convexity assumption may be dispensed within the presence of a continuum of traders. The proof is inspired by the Arrow-Debreu Econometrica 22 265-2901954 proof for the finite case. Author
Descriptors:
Subject Categories:
- Economics and Cost Analysis
- Operations Research