Edgeworth equilibria in production economies
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.
scientific article; zbMATH DE number 4039589
scientific article