Article ID Journal Published Year Pages File Type
4620498 Journal of Mathematical Analysis and Applications 2009 7 Pages PDF
Abstract

In models of economic equilibrium in markets with infinitely many commodities, the commodity space is an ordered topological vector space endowed with additional structure. In the present paper, we consider ordered topological vector spaces which are admissible (for equilibrium analysis) in the sense that every economy which is reasonably well behaved posesses an equilibrium. It turns out that this condition may be characterized in terms of topology and order. This characterization implies that the commodity space has the structure of a Kakutani space.

Related Topics
Physical Sciences and Engineering Mathematics Analysis