In this paper, we report an extension of the second welfare theorem when both convexity and differentiability assumptions are violated. Our model allows various formalizations of the marginal rule and considers the general setting of a topological vector space of commodities.
Publié le : 1988-07-05
Classification:
General equilibrium theory,
Pareto optimality,
marginal pricing rule,
[MATH.MATH-OC]Mathematics [math]/Optimization and Control [math.OC],
[SHS.ECO]Humanities and Social Sciences/Economies and finances
@article{hal-00187225,
author = {Bonnisseau, Jean-Marc and Cornet, Bernard},
title = {Valuation equilibrium and pareto optimum in non-convex economies},
journal = {HAL},
volume = {1988},
number = {0},
year = {1988},
language = {en},
url = {http://dml.mathdoc.fr/item/hal-00187225}
}
Bonnisseau, Jean-Marc; Cornet, Bernard. Valuation equilibrium and pareto optimum in non-convex economies. HAL, Tome 1988 (1988) no. 0, . http://gdmltest.u-ga.fr/item/hal-00187225/