Competitive markets with externalities
AbstractThis 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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Bibliographic InfoArticle provided by Econometric Society in its journal Theoretical Economics.
Volume (Year): 1 (2006)
Issue (Month): 2 (June)
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Web page: http://econtheory.org
Competitive equilibrium; externalities; distributional economies;
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- D5 - Microeconomics - - General Equilibrium and Disequilibrium
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