Classical welfare theorems in economies with the overtaking criterion (Q1825740)
From MaRDI portal
 | This is the item page for this Wikibase entity, intended for internal use and editing purposes. Please use this page instead for the normal view: Classical welfare theorems in economies with the overtaking criterion |
scientific article; zbMATH DE number 4121705
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Classical welfare theorems in economies with the overtaking criterion |
scientific article; zbMATH DE number 4121705 |
Statements
Classical welfare theorems in economies with the overtaking criterion (English)
0 references
1989
0 references
An infinite-horizon exchange economy is considered where there are finitely many consumers who adopt the overtaking criterion. Two concepts of budget constraints are considered - liminf and limsup budget constraints. The first and second welfare theorems are proved under both concepts of the budget constraints.
0 references
infinite-horizon exchange economy
0 references
finitely many consumers
0 references
overtaking criterion
0 references
liminf and limsup budget constraints
0 references
welfare theorems
0 references
