Title:Measure theoretic economy with bads and externalities
Speaker: Haosui Duanmu(Institute for Advanced Study in Mathematics Harbin Institute of Technology)
Time: Monday, Oct30, 14:00-15:00
Location:Mingde Building, B201-1
Abstract: The existence of equilibrium for measure-theoretic general equilibrium models with bads is a long-standing open problem in general equilibrium theory. We provide sufficient conditions, under which there exists an equilibrium for such a model. The proof represents a novel application of nonstandard analysis.