Equilibria for Pure Exchange Infinite Economies in the Sense of Incomplete Preference

Jinqing Zhang

In this paper, we introduce a new concept of incomplete preference and cover the known ordering relations such preferences as in economics and semi-order in mathematics. In the sense of the incomplete preference, we obtain a principle of maximal consumption allocations, by which, for a pure exchange economy with infinitely many commodities and infinitely countable agents, we first prove the existence of a quasi-equilibrium, and then conclude that such a quasi-equilibrium can be extended to a general equilibrium of this economy if incomplete preferences are proper in a suitable way.