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Endogenous endowments and equilibrium starvation in a walrasian economy

Lengwiler, Yvan. (1998) Endogenous endowments and equilibrium starvation in a walrasian economy. Journal of mathematical economics, Vol. 30, H. 1. S. 37-58.

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Official URL: http://edoc.unibas.ch/dok/A5253743

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Abstract

This paper deals with atomless exchange economies which do not fulfill the usual autarky assumption, meaning the endowments may lie outside the consumption set. I establish the existence of a Walras equilibrium, provided the economy is 'heterogenous' (in some precise sense). Furthermore, the First Welfare Theorem is generalized to arbitrary, not necessarily autarkic economies.
Faculties and Departments:06 Faculty of Business and Economics > Departement Wirtschaftswissenschaften > Professuren Wirtschaftswissenschaften > Finanzmärkte (Lengwiler)
UniBasel Contributors:Lengwiler, Yvan
Item Type:Article, refereed
Bibsysno:Link to catalogue
Publisher:North-Holland
ISSN:0304-4068
Note:Publication type according to Uni Basel Research Database: Journal article
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Last Modified:22 Mar 2012 14:28
Deposited On:22 Mar 2012 14:03

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