Equilibria in reflexive Banach lattices with a continuum of agents
We consider exchange economies with a measure space of agents and for which the commodity space is a separable and reflexive Banach lattice. Under assumptions imposing uniform bounds on marginal rates of substitution, positive results on core-Walras equivalence were established in Rustichini-Yannelis  and Podczeck . In this paper we prove that under similar assumptions on marginal rates of substitution, the set of competitive equilibria (and thus the core) is non-empty. Copyright Springer-Verlag Berlin/Heidelberg 2004
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Volume (Year): 24 (2004)
Issue (Month): 3 (October)
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References listed on IDEAS
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"Non-Atomic Economies and the Boundaries of Perfect Competition,"
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- Tourky, Rabee & Yannelis, Nicholas C., 2001. "Markets with Many More Agents than Commodities: Aumann's "Hidden" Assumption," Journal of Economic Theory, Elsevier, vol. 101(1), pages 189-221, November.
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