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Equilibria with Increasing Returns: Sufficient Conditions on Bounded Production Allocations

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Author Info
J. M. BONNISSEAU
A. JAMIN

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Abstract

This paper deals with the existence of marginal pricing equilibrium or equilibrium with general pricing rules in an economy with increasing returns to scale or more general types of nonconvexities in production. Its main contribution is to demonstrate existence of equilibrium with bounded loss and survival assumptions required only on a bounded subset of production allocations. Furthermore, we require only a weakened form of the free-disposal assumption and we also allow nonpositive prices. Copyright © 2008 Wiley Periodicals, Inc..

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File URL: http://www.blackwell-synergy.com/doi/abs/10.1111/j.1467-9779.2008.00395.x
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Article provided by Association for Public Economic Theory in its journal Journal of Public Economic Theory.

Volume (Year): 10 (2008)
Issue (Month): 6 (December)
Pages: 1033-1068
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Handle: RePEc:bla:jpbect:v:10:y:2008:i:6:p:1033-1068

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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Dehez, Pierre & Dreze, Jacques, 1988. "Distributive production sets and equilibria with increasing returns," Journal of Mathematical Economics, Elsevier, vol. 17(2-3), pages 231-248, April. [Downloadable!] (restricted)
  2. Gerard Debreu, 1956. "Market Equilibrium," Cowles Foundation Discussion Papers 10, Cowles Foundation, Yale University. [Downloadable!]
  3. Cornet, B., 1984. "Existence of equilibria in economies with increasing returns," CORE Discussion Papers 1984007, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  4. Bonnisseau, Jean-Marc, 1992. "Existence of equilibria in the presence of increasing returns : A synthesis," Journal of Mathematical Economics, Elsevier, vol. 21(5), pages 441-452. [Downloadable!] (restricted)
  5. Guesnerie, Roger, 1975. "Pareto Optimality in Non-Convex Economies," Econometrica, Econometric Society, vol. 43(1), pages 1-29, January. [Downloadable!] (restricted)
  6. Dierker, Egbert & Guesnerie, Roger & Neuefeind, Wilhelm, 1985. "General Equilibrium When Some Firms Follow Special Pricing Rules," Econometrica, Econometric Society, vol. 53(6), pages 1369-93, November. [Downloadable!] (restricted)
  7. Bonnisseau, Jean-Marc & Cornet, Bernard, 1990. "Existence of Marginal Cost Pricing Equilibria: The Nonsmooth Case," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 31(3), pages 685-708, August. [Downloadable!] (restricted)
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  8. Bonnisseau, J.-M. & Cornet, B., 1986. "Fixed-point theorems and MorseÕs lemma for Lipschitzian functions," CORE Discussion Papers 1986028, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
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(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Jean-Marc Bonnisseau & Bernard Cornet, 2006. "Existence of equilibria with a tight marginal," Cahiers de la Maison des Sciences Economiques b06022, Université Panthéon-Sorbonne (Paris 1). [Downloadable!]
  2. Alexandrine Jamin & Antoine Mandel, 2006. "A general equilibrium analysis of emission allowances," Cahiers de la Maison des Sciences Economiques b06003, Université Panthéon-Sorbonne (Paris 1). [Downloadable!]
    Other versions:
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