We prove a core-Walras equivalence result for a finitely additive confederate economy with commodity space L1(μ) and a measurable bounded map of extremely desirable commodities: when the map of extremely desirable commodities is simply bounded the properness of preferences is no longer equivalent to the existence of just one extremely desirable commodity as assumed in the countably additive model by Rustichini and Yannelis.
Core-walras equivalence:countably many types of agents and commodities in $L^1(\mu)$
MARTELLOTTI, Anna
2007
Abstract
We prove a core-Walras equivalence result for a finitely additive confederate economy with commodity space L1(μ) and a measurable bounded map of extremely desirable commodities: when the map of extremely desirable commodities is simply bounded the properness of preferences is no longer equivalent to the existence of just one extremely desirable commodity as assumed in the countably additive model by Rustichini and Yannelis.File in questo prodotto:
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