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 core--such theorems will be called limit theorems--economies 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