Markets with countably many periods and a countable number of agents without ordered preferences

Sangjik Lee; Wanbok Lee

Markets with countably many periods and a countable number of agents without ordered preferences

Vol.21, No.1, March 2010, 43–67

Sangjik Lee (Hankuk University of Foreign Studies)
Wanbok Lee (Hankuk University of Foreign Studies)

Abstract

Peleg-Yaari (1970) provide a theoretical foundation for the intertemporal resource allocation problem over discrete time and prove the existence of a competitive equilibrium with a _nite number of agents. In this paper, we present a generalization that includes non-ordered preferences, no free disposal, and a countable in_nity of agents.

Keywords Non-ordered preferences, Properness, A countable number of agents

JEL classification codes C62, D51

Markets with countably many periods and a countable number of agents without ordered preferences Vol.21, No.1, March 2010, 43–67

Sangjik Lee (Hankuk University of Foreign Studies)

Wanbok Lee (Hankuk University of Foreign Studies)

Markets with countably many periods and a countable number of agents without ordered preferences

Vol.21, No.1, March 2010, 43–67