INTEGER COMMODITY VECTORS IN THE ARROW-DEBREU MODEL OF ECONOMY
Анотація
We consider nonnegative integer values of commodity in the Arrow-Debreu model of economy. Our main result is a version of the Arrow-Debreu equilibrium price theorem adapted to the setting of integer commodity vectors. The proof is based on the geometric form of the Hahn-Banach theorem and essentially uses peculiarity of the integer-valued commodity space. Our proof works for one-point set of agents only, and we do not know, whether it can be adjusted to the general case using the same idea.
Класифікація
Ідентифікатори
Рецензії (0)
Написати рецензіюРецензій ще немає. Будьте першим!
Схожі роботи
Exchange rates and multicommodity international trade: insights from spatial price equilibrium modeling with policy instruments via variational inequalities
Схоже за: Economic theories and models
Extended weak convergence and utility maximisation with proportional transaction costs
Схоже за: Economic theories and models
Optimization Models in a Transition Economy
Схоже за: Economic theories and models
To parametric decision problems with money income
Схоже за: Economic theories and models
1D Piecewise Smooth Map: Exploring a Model of Investment Dynamics under Financial Frictions with Three Types of Investment Projects
Схоже за: Economic theories and models
Nonlinear Dynamics of the Interaction of National Income, Interest Rate, and Price Level
Схоже за: Economic theories and models