On Core-Walras Equivalence in Banach Spaces when Feasibility is defined by the Pettis Integral
AbstractThe paper studies the core-Walras equivalence problem in the commodity space framework of Banach spaces, allocations being defined as Pettis integrable functions. In particular, a core-Walras equivalence result for a certain class of commodity spaces is established, without requiring that the commodity space be separable. on the other hand, responding to objections made against some recent core-Walras nonequivalence results in the Bochner integrable allocations setting, it is shown that these latter results carry over to the pettis integrable allocations setting, unless additional restrictions on the heterogeneity of agents´ preferences are in force.
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Bibliographic InfoPaper provided by University of Vienna, Department of Economics in its series Vienna Economics Papers with number 0403.
Date of creation: Dec 2003
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Find related papers by JEL classification:
- C62 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Existence and Stability Conditions of Equilibrium
- C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games
- D41 - Microeconomics - - Market Structure and Pricing - - - Perfect Competition
- D50 - Microeconomics - - General Equilibrium and Disequilibrium - - - General
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