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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- Jean-Marc Bonnisseau & Elena L. Del Mercato, 2008.
"Externalities, consumption constraints and regular economies,"
UniversitÃ© Paris1 PanthÃ©on-Sorbonne (Post-Print and Working Papers)
- Jean-Marc Bonnisseau & Elena Mercato, 2010. "Externalities, consumption constraints and regular economies," Economic Theory, Springer, vol. 44(1), pages 123-147, July.
- Jean-Marc Bonnisseau & Elena L. Del Mercato, 2008. "Externalities, consumption constraints and regular economies," Documents de travail du Centre d'Economie de la Sorbonne b08011, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne, revised Apr 2009.
- Jean-Marc Bonnisseau & Elena L. del Mercato, 2008. "Externalities, Consumption Constraints and Regular Economies," CSEF Working Papers 195, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy, revised 01 Dec 2009.
- Dufwenberg, Martin & Heidhues, Paul & Kirchsteiger, Georg & Riedel, Frank & Sobel, Joel, 2008.
"Other-Regarding Preferences in General Equilibrium,"
CEPR Discussion Papers
6815, C.E.P.R. Discussion Papers.
- Martin Dufwenberg & Paul Heidhues & Georg Kirchsteiger & Frank Riedel & Joel Sobel, 2011. "Other-Regarding Preferences in General Equilibrium," Review of Economic Studies, Oxford University Press, vol. 78(2), pages 613-639.
- Balder, Erik J., 2008. "More on equilibria in competitive markets with externalities and a continuum of agents," Journal of Mathematical Economics, Elsevier, vol. 44(7-8), pages 575-602, July.
- M Ali Khan, 2007. "Perfect Competition," Microeconomics Working Papers 22207, East Asian Bureau of Economic Research.
- Noguchi, Mitsunori, 2009. "Existence of Nash equilibria in large games," Journal of Mathematical Economics, Elsevier, vol. 45(1-2), pages 168-184, January.
- Khan, M. Ali Khan, 2007. "Perfect Competition," MPRA Paper 2202, University Library of Munich, Germany.
- Kung, Fan-chin, 2008. "Voluntary contributions to multiple public goods in a production economy with widespread externalities," Journal of Mathematical Economics, Elsevier, vol. 44(12), pages 1364-1378, December.
- repec:eca:wpaper:2008_011 is not listed on IDEAS
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