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The limit theorem on the core of a production economy in vector lattices with unordered preferences

Author

Listed:
  • Rabee Tourky

    (Department of Economics, University of Melbourne, Gratton Street, Parkville, Victoria 3052,Australia)

Abstract

We prove Aliprantis, Brown, and Burkinshaw's (1987) theorem on the equivalence of Edgeworth production equilibria and pseudo-equilibria in a more general setting. We consider production economies with unordered preferences and general consumption sets in a vector lattice commodity space. We adapt the approach of Mas-Colell and Richard (1991) and prove our theorem by applying a separating hyperplane argument in the space of all allocations. We also generalize Podczeck's (1996) important result on the relationship between continuous and discontinuous equilibrium prices to the case of production.

Suggested Citation

  • Rabee Tourky, 1999. "The limit theorem on the core of a production economy in vector lattices with unordered preferences," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 14(1), pages 219-226.
  • Handle: RePEc:spr:joecth:v:14:y:1999:i:1:p:219-226
    Note: Received: April 18, 1997; revised version: February 6, 1998
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    Citations

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    Cited by:

    1. MONIQUE FLORENZANO & ELENA L. del MERCATO, 2006. "Edgeworth and Lindahl-Foley equilibria of a General Equilibrium Model with Private Provision of Pure Public Goods," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 8(5), pages 713-740, December.
    2. Martins-da-Rocha, V. Filipe & Riedel, Frank, 2010. "On equilibrium prices in continuous time," Journal of Economic Theory, Elsevier, vol. 145(3), pages 1086-1112, May.
    3. De Simone, Anna & Graziano, Maria Gabriella, 2004. "The pure theory of public goods: the case of many commodities," Journal of Mathematical Economics, Elsevier, vol. 40(7), pages 847-868, November.
    4. Aliprantis, Charalambos D. & Florenzano, Monique & Tourky, Rabee, 2005. "Linear and non-linear price decentralization," Journal of Economic Theory, Elsevier, vol. 121(1), pages 51-74, March.
    5. Aliprantis, Charalambos D. & Tourky, Rabee & Yannelis, Nicholas C., 2000. "Cone Conditions in General Equilibrium Theory," Journal of Economic Theory, Elsevier, vol. 92(1), pages 96-121, May.
    6. repec:hal:journl:halshs-00085726 is not listed on IDEAS
    7. Aliprantis, Charalambos D. & Florenzano, Monique & Tourky, Rabee, 2006. "Production equilibria," Journal of Mathematical Economics, Elsevier, vol. 42(4-5), pages 406-421, August.
    8. Aliprantis, C. D. & Tourky, R. & Yannelis, N. C., 2000. "The Riesz-Kantorovich formula and general equilibrium theory," Journal of Mathematical Economics, Elsevier, vol. 34(1), pages 55-76, August.

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