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Existence of Marginal Pricing Equilibria in Economies with Externalities and Non Convexities

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Author Info
Bonnisseau, J.M.
Medecin, J.-P.

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Abstract

We consider a general equilibrium model with a production sector. The consumption sets, the preferences of the consumers and the production possibilities are represented by set-valued mappings to take into account the possibility of external effects. There are no convexity assumptions on the correspondences of production. We impose to the firms to follow the marginal cost tarification which is defined with the Clarke's normal cone. We prove the existence of general equilibria under assumptions which allows us to combine works on economies with externalities and convex production sectors, and the ones on economies with marginal cost tarification and without externalities.

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Publisher Info
Paper provided by Université Panthéon-Sorbonne (Paris 1) in its series Papiers d'Economie Mathématique et Applications with number 2000.84.

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Length: 29 pages
Date of creation: 2000
Date of revision:
Handle: RePEc:fth:pariem:2000.84

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Postal: France; Universite de Paris I - Pantheon- Sorbonne, 12 Place de Pantheon-75005 Paris, France
Web page: http://cermsem.univ-paris1.fr/
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Related research
Keywords: COSTS ; CONSUMPTION ; EXTERNALITIES;

Other versions of this item:

Find related papers by JEL classification:
D21 - Microeconomics - - Production and Organizations - - - Firm Behavior
D51 - Microeconomics - - General Equilibrium and Disequilibrium - - - Exchange and Production Economies
L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms

Cited by:
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  1. Antoine Mandel, 2009. "Changes in the firms behavior after the opening of markets of allowances," Economic Theory, Springer, vol. 40(1), pages 1-25, July. [Downloadable!] (restricted)
  2. Cuong Le Van & Frank H. Page, Jr. & Myrna Wooders, 2005. "Risky Arbitage, Asset Prices, and Externalities," Working Papers 0524, Department of Economics, Vanderbilt University. [Downloadable!]
    Other versions:
  3. Cuong Le Van & Frank H. Page & Myrna H. Wooders, 2007. "Risky Arbitrage, Asset Prices, and Externalities," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00102698_v1, HAL. [Downloadable!]
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