Competitive Equilibria in Production Economies with an Infinite-Dimensional Commodity Space

Abstract

The existence of competitive equilibrium is established for economies with a produc tion sector and an infinite dimensional space of commodities. The cru cial assumptions which are required (beyond those required in the fin ite dimensional setting) are bounds on marginal rates of substitution and marginal rates of transformation. Copyright 1987 by The Econometric Society.

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