Edgeworth equilibria in production economies
type: Item
instance of: scholarly article
title: Edgeworth equilibria in production economies
zbMATH Open document ID: 0637.90017
DOI: 10.1016/0022-0531(87)90060-3
author: Donald J. Brown
author: Charalambos D. Aliprantis
author: Owen Burkinshaw
published in: Journal of Economic Theory
publication date: 1987-01-01T00:00:00Z
full work available at URL: d0784.pdf
review text: An Edgeworth equilibrium is an allocation that belongs to the core of every n-fold replica of the economy. In this work we study the properties of Edgeworth equilibria for economies with production and infinite- dimensional commodity spaces. Under some relatively mild conditions we establish (among other things) that (1) Edgeworth equilibria exist, (2) every Edgeworth equilibrium is a quasi-equilibrium, and (3) An allocation is an Edgeworth equilibrium if and only if it can be ``decentralized'' by a price system.
Mathematics Subject Classification ID: 91B50
Mathematics Subject Classification ID: 91A40
zbMATH DE Number: 4039589
zbMATH Keywords: Edgeworth equilibrium
zbMATH Keywords: core
zbMATH Keywords: economies with production
zbMATH Keywords: infinite- dimensional commodity spaces
zbMATH Keywords: quasi-equilibrium
MaRDI profile type: Publication
OpenAlex ID: W2091347651
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description: scientific article; zbMATH DE number 4039589