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)
Ключевые слова
См. также:
American Economic Review.
1998.
Vol. 88.
No. 3.
P. 587-597.
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