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The closedness of the free-disposal hull of a production set

Authors :
Anthony Horsley
Andrew J Wrobel
Source :
Economic Theory, 1(4), 386-391. Springer New York
Publication Year :
1991
Publisher :
Springer New York, 1991.

Abstract

Assume thatL is a topological vector lattice andY is a closed subset ofL + ×R N, whereR N denotes theN-dimensional Euclidean space. It is shown that the setY−L + ×R + N is closed ifY has appropriate monotonicity properties. The result is applicable to the case ofL equal toL ∞ with the Mackey topology, τ(L ∞,L 1).

Details

Language :
English
ISSN :
09382259
Volume :
1
Issue :
4
Database :
OpenAIRE
Journal :
Economic Theory
Accession number :
edsair.doi.dedup.....bfdc8b03878d107579a3d8521d7b2c62