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

Subject Categories:

  • Economics and Cost Analysis
  • Operations Research

Distribution Statement:

APPROVED FOR PUBLIC RELEASE