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A model distinguishing production and consumption bundles

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Author Info
Schalk, S. (Tilburg University, Center for Economic Research)
Abstract

In contrast to the neo-classical theory of Arrow and Debreu, a model of a private ownership economy is presented in which production and consumption bundles are treated separately. Each of the two types of bundles is assumed to establish a convex cone. The main part in the modelling is the introduction of production technologies which can be thought of as replacing the notion of production sets in Arrow and Debreu's model. It is a point of further investigation whether the notion of production technology is also generating the notion of production set.

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Paper provided by Tilburg University, Center for Economic Research in its series Discussion Paper with number 84.

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Date of creation: 1998
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Handle: RePEc:dgr:kubcen:199884

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Find related papers by JEL classification:
C62 - Mathematical and Quantitative Methods - - Mathematical Methods and Programming - - - Existence and Stability Conditions of Equilibrium
D51 - Microeconomics - - General Equilibrium and Disequilibrium - - - Exchange and Production Economies

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  1. Schalk, S., 1998. "A model distinguishing production and consumption bundles," Research Memorandum 757, Tilburg University, Faculty of Economics and Business Administration. [Downloadable!]
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(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Schalk, S., 1999. "Proof of the existence theorem of a model distinguishing production and consumption bundles," Discussion Paper 22, Tilburg University, Center for Economic Research. [Downloadable!]
  2. Schalk, S., 1999. "Restriction of preferences to the set of consumption bundles, in a model with production and consumption bundles," Discussion Paper 89, Tilburg University, Center for Economic Research. [Downloadable!]
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This page was last updated on 2009-11-25.

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