A characterization of Walrasian economies of infinity dimension
We consider a pure exchange economy, where agent's consumption spaces are Banach spaces, goods are contingent in time of states of the world, the utility function of each agent is not necessarily a separable function, but increasing, quasiconcave, and twice Frechet differentiable over the consumption space. We characterize the set of walrasian equilibria, by the social weight that support each walrasian equilibria. Using technical of the functional analysis, we characterize this set as a Banach manifold and in the next sections we focuses on singularities.
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- Elvio Accinelli, 1999.
"Existence and uniqueness of the Competitive Equilibrium for Infinite Dimensional Economies,"
Documentos de Trabajo (working papers)
0399, Department of Economics - dECON.
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- repec:clu:wpaper:1996_14 is not listed on IDEAS
- Balasko, Yves, 1997. "The natural projection approach to the infinite-horizon model," Journal of Mathematical Economics, Elsevier, vol. 27(3), pages 251-263, April.
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