Open AccessEquilibria in infinite dimensional commodity spaces revisited
Author(s) -
Valeriy Marakulin
Publication year - 2001
Publication title -
economic theory
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.572
H-Index - 58
eISSN - 1432-0479
pISSN - 0938-2259
DOI - 10.1007/pl00004202
Subject(s) - transitive relation , mathematical economics , commodity , public finance , economics , mathematics , neoclassical economics , combinatorics , market economy , macroeconomics
The aim of the paper is to provide a new proof of the Mas-Colell- Richard existence of equilibrium result when preferences are non-transitive and incomplete. Our proof generalizes the main ideas of the Negishi ap- proach to the case of unordered preferences.
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