Accession Number:

AD0676772

Title:

MARKETS WITH COUNTABLY MANY COMMODITIES.

Descriptive Note:

Research memo.,

Corporate Author:

HEBREW UNIV JERUSALEM (ISRAEL) DEPT OF MATHEMATICS

Personal Author(s):

Report Date:

1968-08-01

Pagination or Media Count:

18.0

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

Subject Categories:

  • Economics and Cost Analysis
  • Operations Research

Distribution Statement:

APPROVED FOR PUBLIC RELEASE