Nonlinear supporting prices. The superadditive case

  • Marcus Berliant
  • , Karl Dunz

    Research output: Contribution to journalArticlepeer-review

    3 Scopus citations

    Abstract

    Assumptions on allocations and preferences sufficient to allow superadditive price support are considered for an exchange economy with a finite number of traders when the commodity space is an ordered topological vector space. The main requirements are a uniformmonotonicity assumption on preferences and that no permutation of the allocation among agents yields a Pareto improvement. No convexity assumption on preferences is used, the positive orthant need not have interior, while the proof is constructive. Applications to finite and infinite dimensional commodity spaces are discussed.

    Original languageEnglish
    Pages (from-to)357-367
    Number of pages11
    JournalJournal of Mathematical Economics
    Volume19
    Issue number4
    DOIs
    StatePublished - 1990

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