The Second Welfare Theorem with Nonconvex Preferences

DOI10.2307/1911076zbMath0659.90025OpenAlexW3124362683MaRDI QIDQ3809550

Robert M. Anderson

Publication date: 1988

Published in: Econometrica (Search for Journal in Brave)

Full work available at URL: https://semanticscholar.org/paper/3d8b0ff0e949f51511d413be1dbc084d445c4a2e

zbMATH Keywords

Pareto optimalityincome transfersWalrasian equilibriumexchange economiesnonconvex preferencessecond welfare theorem

Mathematics Subject Classification ID

General equilibrium theory (91B50) Individual preferences (91B08)

Related Items (9)

Supporting weakly Pareto optimal allocations in infinite dimensional nonconvex economies ⋮ The Shapley-Folkman theorem and the range of a bounded measure: an elementary and unified treatment ⋮ Loeb extension and Loeb equivalence II ⋮ Shapley-Folkman-Lyapunov theorem and asymmetric first price auctions ⋮ Gap-minimizing prices and quadratic core convergence. A correction ⋮ Core convergence without monotone preferences and free disposal ⋮ Foundations of pseudomarkets: Walrasian equilibria for discrete resources ⋮ Core allocations and small income transfers ⋮ Loeb extension and Loeb equivalence

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