The limit theorem on the core of a production economy in vector lattices with unordered preferences

Authors
Citation
R. Tourky, The limit theorem on the core of a production economy in vector lattices with unordered preferences, ECON THEORY, 14(1), 1999, pp. 219-226
Citations number
13
Categorie Soggetti
Economics
Journal title
ECONOMIC THEORY
ISSN journal
09382259 → ACNP
Volume
14
Issue
1
Year of publication
1999
Pages
219 - 226
Database
ISI
SICI code
0938-2259(199907)14:1<219:TLTOTC>2.0.ZU;2-L
Abstract
We prove Aliprantis, Brown, and Burkinshaw's (1987) theorem on the equivale nce of Edgeworth production equilibria and pseudo-equilibria in a more gene ral setting. We consider production economies with unordered preferences an d general consumption sets in a vector lattice commodity space. We adapt th e approach of Mas-Colell and Richard (1991) and prove our theorem by applyi ng a separating hyperplane argument in the space of all allocations. We als o generalize Podczeck's (1996) important result on the relationship between continuous and discontinuous equilibrium prices to the case of production.