Existence of Equilibria in Nonconvex Economies without Free Disposal
AbstractIn this paper we eliminate the free disposal assumption in a general equilibrium model in which the production sector may exhibit increasing returns to scale or more general types of nonconvexities and where the firms follow general pricing rules. Under standard assumptions in this framework, we state this existence of an equilibrium generalizing the classical results on this model.
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Bibliographic InfoPaper provided by Paris Dauphine University in its series Economics Papers from University Paris Dauphine with number 123456789/54.
Date of creation: Jan 1992
Date of revision:
Publication status: Published in Economics Letters, 1992, Vol. 38, no. 1. pp. 37-42.Length: 5 pages
General Equilibrium Model;
Find related papers by JEL classification:
- D50 - Microeconomics - - General Equilibrium and Disequilibrium - - - General
- G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
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- repec:hal:journl:halshs-00195903 is not listed on IDEAS
- Hans-Jürgen Salchow, 2005.
"Non-existence of equilibria with free elimination,"
Cahiers de la Maison des Sciences Economiques
b05057, Université Panthéon-Sorbonne (Paris 1).
- Hans-Jürgen Salchow, 2005. "Non-existence of equilibria with free elimination," UniversitÃ© Paris1 PanthÃ©on-Sorbonne (Post-Print and Working Papers) halshs-00195903, HAL.
- repec:hal:journl:halshs-00423875 is not listed on IDEAS
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