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Competitive markets with externalities

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Author Info
Zame, William R. () (UCLA)
Noguchi, Mitsunori () (Meijo University)

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Abstract

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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File URL: http://econtheory.org/ojs/index.php/te/article/view/20060143/19
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Publisher Info
Article provided by Society for Economic Theory in its journal Theoretical Economics.

Volume (Year): 1 (2006)
Issue (Month): 2 (June)
Pages: 143-166
Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Handle: RePEc:the:publsh:168

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Web page: http://econtheory.org

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Related research
Keywords: Competitive equilibrium; externalities; distributional economies;

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Find related papers by JEL classification:
D5 - Microeconomics - - General Equilibrium and Disequilibrium

Cited by:
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  1. 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. [Downloadable!]
    Other versions:
  2. 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. [Downloadable!] (restricted)
    Other versions:
  3. Khan, M. Ali Khan, 2007. "Perfect Competition," MPRA Paper 2202, University Library of Munich, Germany. [Downloadable!]
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This page was last updated on 2009-11-14.

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