Econometrica: Nov 1977, Volume 45, Issue 8
A Generalization of the Open Expanding Economy Model
https://doi.org/0012-9682(197711)45:8<1767:AGOTOE>2.0.CO;2-V
p.
1767-1776
Otto Moeschlin
The existence of an equilibrium solution for the open expanding economy model of Morgenstern-Thompson is proven under weaker assumptions than originally used.The proof is based on a theorem of the Farkas type formulated for finite dimensional linear spaces ordered by means of cones.Log In To View Full Content