Weak Pareto optimality and the approximate support property

Article Abstract:

Economies with an infinite dimensional commodity space is analyzed to estimate its price supportability of weak Pareto optimal allocations. Results show that there exists a weak approximate support for commodity-price duality which indicates a weak Pareto optimum. Furthermore, in a finite dimensional setting, free disposal of an allocation indicates the approximate support property if it enjoys the support property.

Economic aspects, Prices

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Generic determinacy of equilibria with local substitution

Article Abstract:

A study on trading model is presented. In smooth economies the equilibria in trading varies with endowments and are determined by local substitution.

Germany, Commerce, Substitution (Economics), Economic systems

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