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On the satisfaction of peak demand in the certainty case

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Author Info
Balasko, Yves

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Abstract

The concept of full-capacity flat-rate equilibrium is explored for a version of the Arrow-Debreu model with time-differentiated goods and production subject to a capacity constraint. The corresponding equilibrium allocations are shown to be inefficient in general. It is also shown that rationing peak demand is Pareto superior to non-rationing.

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File URL: http://www.sciencedirect.com/science/article/B6VBY-4K5JVWN-1/1/174b32df125ee70c7c14c6ac6dc3a28c
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Publisher Info
Article provided by Elsevier in its journal Journal of Mathematical Economics.

Volume (Year): 44 (2008)
Issue (Month): 7-8 (July)
Pages: 569-574
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Handle: RePEc:eee:mateco:v:44:y:2008:i:7-8:p:569-574

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

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

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