| Monique Florenzano, Universite Paris 1 Valeri Marakulin, Russian Academy of Sciences |
| Production Equilibria in Vector Lattices |
| Session: C-3-6 Saturday 12 August 2000 by Florenzano, Monique |
| The general purpose of this paper is to prove quasiequilibrium existence theorems for production economies with general consumption sets in an infinite dimensional commodity space, without assuming any monotonicity of preferences or free-disposal in production. The commodity space is a vector lattice commodity space whose topological dual is a sublattice of its order dual. We formulate two kinds of properness concepts for agents' preferences and production sets, which reduce to more classical ones when the commodity space is locally convex and the consumption sets coincide with the positive cone. Assuming properness allows for extension theorems of quasiequilibrium prices obtained for the economy restricted to some order ideal of the commodity space. As an application, the existence of quasiequilibrium in the whole economy is proved without any assumption of monotonicity of preferences or free-disposal in production. |
| Submitted paper full-text in .pdf |