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Published August 21, 2017 | Submitted
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Economies With Many Commodities

Abstract

We discuss the two fundamental theorems of welfare economics in the context of the Arrow-Debreu-McKenzie model with an infinite dimensional commodity space. As an application, we prove the existence of competitive equilibrium in the standard single agent growth model.

Additional Information

The research of C. D. Aliprantis was supported in part by the NATO Collaborative Research Grant #941059. Published as Aliprantis, Charalambos D., Kim C. Border, and Owen Burkinshaw. "Economies with many commodities." journal of economic theory 74, no. 1 (1997): 62-105.

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