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
Distribution Statement : APPROVED FOR PUBLIC RELEASE