Accession Number:

AD0724693

Title:

Nonstandard Exchange Economies,

Descriptive Note:

Corporate Author:

YALE UNIV NEW HAVEN CONN COWLES FOUNDATION FOR RESEARCH IN ECONOMICS

Personal Author(s):

Report Date:

1971-05-11

Pagination or Media Count:

32.0

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

Subject Categories:

  • Economics and Cost Analysis
  • Operations Research

Distribution Statement:

APPROVED FOR PUBLIC RELEASE