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Nonstandard exchange economies.

Опубликовано на портале: 04-03-2005
Econometrica. 1975.  Vol. 43. P. 41-55. 
Тематический раздел:
Edgeworth's conjecture that as the number of traders in an exchange economy increases the core approaches the set of competitive equilibria has been formalized both as a theorem about a sequence of finite economies, and as a theorem about an economy having an infinite number of agents. This paper, using nonstandard analysis, provides a synthesis of these two approaches. It is shown that the core and the set of competitive equilibria are equivalent within a non-standard exchange economy. This theorem implies a asymptotic theorem concerning the core and competitive equilibria of sequences of finite economies. (Из Ebsco)

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http://ideas.repec.org/a/ecm/emetrp/v43y1975i1p41-56.html
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