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exposita notes : General equilibrium and resource economics

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Author Info
Cees A. Withagen () (Department of Economics and Tinbergen Institute, Free University Amsterdam, De Boelelaan 1105, NL-1081 HV Amsterdam, THE NETHERLANDS)
Jan H. van Geldrop (Department of Mathematics Computing Science, Eindhoven University of Technology, P.O. Box 513, NL-5600 MB Eindhoven, THE NETHERLANDS)

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Abstract

For a number of reasons a large class of general equilibrium models from the field of resource economics does not allow for an equilibrium analysis along the lines of the theory of infinite dimensional commodity spaces. The reasons concern the choice of the commodity space and the applicability of properness assumptions with respect to preferences and the technology. This paper illustrates the difficulties and shows for a prototype model how the problems can successfully be tackled by the use of a limit argument on equilibria in the truncated economies.

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Publisher Info
Article provided by Springer in its journal Economic Theory.

Volume (Year): 14 (1999)
Issue (Month): 3 ()
Pages: 691-704
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Handle: RePEc:spr:joecth:v:14:y:1999:i:3:p:691-704

Note: Received: May 2, 1996; revised version: May 13, 1998
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Related research
Keywords: General equilibrium; Resource economies; Truncation.;

Find related papers by JEL classification:
D50 - Microeconomics - - General Equilibrium and Disequilibrium - - - General
Q30 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - General

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This page was last updated on 2009-12-30.

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