Cone conditions in general equilibrium theory.
The modern convex-analytic rendition of the classical welfare theorems characterizes optimal allocations in terms of supporting properties of preferences by non-zero prices. While supporting convex sets in economies with finite dimensional commodity spaces is usually a straightforward application of...
| Publicado en: | Journal of Economic Theory Vol. 92; no. 1; pp. 96 - 122 |
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| Autores principales: | , , |
| Formato: | Artículo |
| Publicado: |
Academic Press Inc.
May 2000
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| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=512968389&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 512968389 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00220531 RTH jtl: Journal of Economic Theory issn: 00220531 maglogo: N pubinfo: dt: May 2000 vid: 92 iid: 1 pid: 735 pub: Academic Press Inc. artinfo: ui: 512968389 10.1006/jeth.1999.2622 ppf: 96 ppct: 26 formats: tig: atl: Cone conditions in general equilibrium theory. aug: au: Aliprantis, Charalambos D. Tourky, Rabee Yannelis, Nicholas C. su: Economic equilibrium Welfare economics Resource allocation -- Mathematical models Commercial products Prices -- Mathematical models Equivalence scales (Economics) sug: subj: Economic equilibrium Welfare economics Resource allocation -- Mathematical models Commercial products Prices -- Mathematical models Equivalence scales (Economics) ab: The modern convex-analytic rendition of the classical welfare theorems characterizes optimal allocations in terms of supporting properties of preferences by non-zero prices. While supporting convex sets in economies with finite dimensional commodity spaces is usually a straightforward application of the separation theorem, it is not that automatic in economies with infinite dimensional commodity spaces. In the last 30 years several characterizations of the supporting properties of convex sets by non-zero prices have been obtained by means of cone conditions. In this paper, we present a variety of cone conditions, study their interrelationships, and illustrate them with many examples. Journal of Economic Literature Classification Numbers: D46, D51. Copyright 2000 Academic Press. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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