Journal Of The Econometric Society

An International Society for the Advancement of Economic
Theory in its Relation to Statistics and Mathematics

Edited by: Guido W. Imbens • Print ISSN: 0012-9682 • Online ISSN: 1468-0262

Econometrica: Nov, 1977, Volume 45, Issue 8

A Generalization of the Open Expanding Economy Model<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.

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