Work

Equilibria in a large economy with externalities, non-convex preferences and an infinite-dimensional commodity space via relaxation

Year: 2024

Type: article

Abstract: By employing a saturated measure space for the set of agents, we take a convexification by randomization approach to prove the existence of competitive equilibria in a large economy with externalities and an infinite-dimensional commodity space without convex preferences.

Source: Economics Letters

DOI: 10.1016/j.econlet.2024.112086

Authors: Hyo Seok Jang, Sangjik Lee

Institutions: Seoul National University, Hankuk University of Foreign Studies

Language: English

Topic: Economic theories and models

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: hybrid

Estimated APC paid: $2,980

Funder: Hankuk University of Foreign Studies