Equilibrium Theory in Infinite Dimensional Spaces

ISBN-13: 9783642081149 / Angielski / Miękka / 2010 / 438 str.

M. Ali Khan; Nicholas C. Yannelis

Opis

Apart from the underlying theme that all the contributions to this volume pertain to models set in an infinite dimensional space, they differ on many counts. Some were written in the early seventies while others are reports of ongoing research done especially with this volume in mind. Some are surveys of material that can, at least at this point in time, be deemed to have attained a satisfactory solution of the problem, while oth- ers represent initial forays into an original and novel formulation. Some furnish alternative proofs of known, and by now, classical results, while others can be seen as groping towards and exploring formulations that have not yet reached a definitive form. The subject matter also has a wide leeway, ranging from solution concepts for economies to those for games and also including representation of preferences and discussion of purely mathematical problems, all within the rubric of choice variables belonging to an infinite dimensional space, interpreted as a commodity space or as a strategy space. Thus, this is a collective enterprise in a fairly wide sense of the term and one with the diversity of which we have interfered as little as possible. Our motivation for bringing all of this work under one set of covers was severalfold.

Spis treści

1 Mathematical Background.- Integration of Banach-Valued Correspondences.- Set-Valued Functions of Two Variables in Economic Theory.- 2 Equilibria, Core, and Pareto Optimality.- A Theorem on the Existence of Competitive Equilibria in a Market with a Finite Number of Agents and Whose Commodity Space is L?.- The Core of an Economy Without Ordered Preferences.- Fundamental Theorems of Welfare Economics in Infinite Dimensional Commodity Spaces.- 3 Core Equivalence.- A Limit Theorem on the Core of an Economy with a Continuum of Commodities.- An Equivalence Theorem for the Core of an Economy with Commodity Space L? ? ?(L?, L1).- The Principle of Equivalence.- 4 The Existence of an Equilibrium in Economies with a Continuum of Agents.- A Very Weak Theorem on the Existence of Equilibria in Atomless Economies with Infinitely Many Commodities.- Equilibria in Markets with a Continuum of Agents and Commodities.- What is Perfect Competition?.- 5 Correlated Equilibria.- On the Existence of Correlated Equilibria.- Existence of Correlated Weak Equilibria in Discontinuous Games.- Communication Equilibria with Large State Spaces.- 6 Games with a Continuum of Players.- An Axiomatic Approach to the Efficiency of Non-Cooperative Equilibrium in Economies with a Continuum of Traders.- On Symmetric Cournot-Nash Equilibrium Distributions in a Finite-Action, Atomless Game.- Equilibria in Random and Bayesian Games with a Continuum of Players.- 7 Sequential Equilibria.- Recursive Utility Under Uncertainty.- Consistency and Continuity of Choice in a Sequence of Spot and Futures Markets.- 8 References.