
Accession Number : AD0724693
Title : Nonstandard Exchange Economies,
Corporate Author : YALE UNIV NEW HAVEN CONN COWLES FOUNDATION FOR RESEARCH IN ECONOMICS
Personal Author(s) : Brown,Donald J. ; Robinson,Abraham
Report Date : 11 MAY 1971
Pagination or Media Count : 32
Abstract : An exchange economy consists of a set of traders each of whom is characterized by an initial endowment and a preference relation. In addition, one usually assumes that the set of traders is finite. But in order to state theorems precisely concerning the asymptotic or limiting properties of the coresuch theorems will be called limit theoremseconomies have been studied which have an infinite number of traders. The concepts of interest, here the core and competitive equilibrium, can be defined even in infinite economies. (Author)
Descriptors : (*ECONOMICS, MATHEMATICAL MODELS), (*COMMERCE, MATHEMATICAL MODELS), CONVEX SETS, SEQUENCES(MATHEMATICS), TOPOLOGY, GAME THEORY, THEOREMS
Subject Categories : Economics and Cost Analysis
Operations Research
Distribution Statement : APPROVED FOR PUBLIC RELEASE