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An index formula for production economies with externalities

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Author Info
Mandel, Antoine

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Abstract

We prove that the degree of the equilibrium correspondence of an economy with increasing returns and external effects is equal to (-1)L-1 where L is the dimension of the space of goods. This allows us to infer existence, finiteness and uniqueness results.

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File URL: http://www.sciencedirect.com/science/article/B6VBY-4T1Y3YK-2/2/5ed9808dd9bd8984a4b0289c7e9cc713
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Publisher Info
Article provided by Elsevier in its journal Journal of Mathematical Economics.

Volume (Year): 44 (2008)
Issue (Month): 12 (December)
Pages: 1385-1397
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Handle: RePEc:eee:mateco:v:44:y:2008:i:12:p:1385-1397

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Web page: http://www.elsevier.com/locate/jmateco

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Related research
Keywords: General equilibrium theory Existence of equilibrium Increasing returns Externalities Degree theory;

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This page was last updated on 2009-12-3.

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