- 著者
- KEN URAI
- 出版者
- JAPANESE ECONOMIC ASSOCIATION
- 雑誌
- The Economic Studies Quarterly (ISSN:0557109X)
- 巻号頁・発行日
- vol.43, no.2, pp.154-164, 1992-06-20 (Released:2007-10-19)
- 参考文献数
- 17
An equilibrium existence theorem for the economy with infinitely many consumers and commodities is proved in a general structure of the direct system of economies. The method of proof is new and direct in the sense that the fixed point argument is applied directly to the inverse limit of price spaces without using the truncation method.
- 著者
- KEN URAI
- 出版者
- JAPANESE ECONOMIC ASSOCIATION
- 雑誌
- The Economic Studies Quarterly (ISSN:0557109X)
- 巻号頁・発行日
- vol.41, no.3, pp.235-246, 1990-09-20 (Released:2007-10-19)
- 参考文献数
- 8
In a general overlapping-generations economy, the existence of a Pareto-optimal allocation is proved by using Zorn's lemma, and the existence of a competitive equilibrium is proved, without truncation, by using Glicksberg's fixed point theorem. The assumptions such as Intertemporal Irreducibility or Intertemporal Resource-relatedness are not needed.