Document Type
Discussion Paper
Publication Date
3-1-1986
CFDP Number
784
CFDP Pages
42
Abstract
An Edgeworth equilibrium is an allocation that belongs to the core of every n -fold replica of the economy. In [2] we studied in the setting of Riesz spaces the properties of Edgeworth equilibria for pure exchange economies with infinite dimensional commodity spaces. In this work, we study the same problem for economies with production. Under some relatively mild conditions we establish (among other things) that: 1. Edgeworth equilibria exist; 2. Every Edgeworth equilibrium is a quasiequilibrium; and 3. An allocation is an Edgeworth equilibrium if and only if it can be “decentralized” by a price system.
Recommended Citation
Aliprantis, Charalambos D.; Brown, Donald J.; and Burkinshaw, Owen, "Edgeworth Equilibria in Production Economies" (1986). Cowles Foundation Discussion Papers. 1027.
https://elischolar.library.yale.edu/cowles-discussion-paper-series/1027