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Published March 1996 | public
Journal Article

Market economies with many commodities


In this survey problems from the consideration of infinite dimensional commodity spaces in the Arrow-Debreu-McKenzie model are discussed. It has become clear in the last couple of decades that in order to address real policy questions, economic models that are both stochastic and dynamic have to be employed. These models lead naturally to infinite dimensional commodity spaces.

Additional Information

© 1996 Springer Science and Business Media LLC. Received 11 September 1997; Issue Date March 1996.

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