Edgeworth's Conjecture with Infinitely many Commodities: L^1
无限商品情形下的埃奇沃思猜想:L¹ 空间
The authors examine core convergence for economies with a large finite number of agents and an infinite number of commodities. They find a serious disconnection between economies with a large finite number of agents and economies with a continuum of agents: the authors provide examples of nonconvergence of the core for large finite economies in L[superscript 1], a commodity space for which core equivalence holds for continuum economies. In addition, they show that, if…