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Finitely additive economies with free extremely desirable commodities

Authors
Journal
Journal of Mathematical Economics
0304-4068
Publisher
Elsevier
Publication Date
Volume
44
Identifiers
DOI: 10.1016/j.jmateco.2007.05.014
Keywords
  • Finite Additivity
  • Core-Walras Equivalence
  • Utilities
  • Properness

Abstract

Abstract Continuing the investigation on finitely additive economies with infinite dimensional commodity space, we state a core-walras individualistic equivalence for an economy where preferences admit a summable map of extremely desirable commodities. The main result extends previous equivalences obtained both in the countably additive and in the finitely additive setting. Extra assumptions on the model are discussed via a pair of examples.

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