Valuation equilibrium and Pareto optimum in non-convex economies
type: Item
instance of: scholarly article
title: Valuation equilibrium and Pareto optimum in non-convex economies
zbMATH Open document ID: 0661.90011
DOI: 10.1016/0304-4068(88)90012-2
author: Jean-Marc Bonnisseau
author: Bernard Cornet
published in: Journal of Mathematical Economics
publication date: 1988-01-01T00:00:00Z
review text: We report an extension of the second welfare theorem when both convexity and differentiability assumptions are violated. Our model allows various formalization of the marginal rule and considers the general setting of a topological vector space of commodities.
Mathematics Subject Classification ID: 91B50
zbMATH DE Number: 4081245
zbMATH Keywords: valuation equilibrium
zbMATH Keywords: Pareto optimum
zbMATH Keywords: non-convex economies
zbMATH Keywords: Clarke's normal cone
zbMATH Keywords: second welfare theorem
zbMATH Keywords: marginal rule
zbMATH Keywords: topological vector space of commodities
MaRDI profile type: Publication
full work available at URL: 0304-4068(88)90012-2
OpenAlex ID: W2144639810
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description: scientific article; zbMATH DE number 4081245