Accession Number : AD0676772

Title :   MARKETS WITH COUNTABLY MANY COMMODITIES.

Descriptive Note : Research memo.,

Corporate Author : HEBREW UNIV JERUSALEM (ISRAEL) DEPT OF MATHEMATICS

Personal Author(s) : Peleg,Bezalel ; Yaari,Mehahem E.

Report Date : AUG 1968

Pagination or Media Count : 18

Abstract : In this paper, we prove the existence of competitive equilibrium in a market with countably many commodities. By the term 'market' we mean to emphasize that we are dealing with a pure trade model, in which there is no production. Our result generalizes the existing theory of competitive equilibrium in a finite-dimensional commodity space. The significance of this generalization, we feel, is that it opens a door that could lead, eventually, to a theory of decentralized economic growth. (Author)

Descriptors :   (*COMMERCE, EQUILIBRIUM(PHYSIOLOGY)), THEOREMS, MATHEMATICAL MODELS, COSTS, ECONOMICS, SEQUENCES(MATHEMATICS), ISRAEL

Subject Categories : Economics and Cost Analysis
      Operations Research

Distribution Statement : APPROVED FOR PUBLIC RELEASE