General Equilibrium and Resource Economics

Posted: 9 Dec 1999

See all articles by Jan H. van Geldrop

Jan H. van Geldrop

Eindhoven University of Technology (TUE) - Department of Mathematics and Computing Science

Cees Withagen

Free University of Amsterdam; Tilburg University

Abstract

For a number of reasons a large class of general equilibrium models from the field of resource economics does not allow for an equilibrium analysis along the lines of the theory of infinite dimensional commodity spaces. The reasons concern the choice of the commodity space and the applicability of properness assumptions with respect to preferences and the technology. This paper illustrates the difficulties and shows for a prototype model how the problems can successfully be tackled by the use of a limit argument on equilibria in the truncated economies.

JEL Classification: D50, Q30

Suggested Citation

van Geldrop, Jan H. and Withagen, Cees A. M., General Equilibrium and Resource Economics. Economic Theory, Vol. 14, Issue 3. Available at SSRN: https://ssrn.com/abstract=189449

Jan H. Van Geldrop

Eindhoven University of Technology (TUE) - Department of Mathematics and Computing Science

P.O. Box 513
5600 MB Eindhoven
Netherlands

Cees A. M. Withagen (Contact Author)

Free University of Amsterdam ( email )

Tinbergen Institute De Boelelaan 1105
1081 HV Amsterdam
Netherlands

Tilburg University ( email )

Postbus 90153
Tilburg, DC Noord-Brabant 5000 LE
Netherlands

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