This paper presents a general model of a competitive market with consumption externalities, and establishes the existence of equilibrium in the model, under assumptions comparable to those in classical models. The model allows production and indivisible goods. Examples illustrate the generality and applicability of the results.
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Article provided by Society for Economic Theory in its journal Theoretical Economics.
Find related papers by JEL classification: D5 - Microeconomics - - General Equilibrium and Disequilibrium
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Khan, M. Ali Khan, 2007.
"Perfect Competition,"
MPRA Paper
2202, University Library of Munich, Germany.
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