The Survival Assumption in Intertemporal Economies
AbstractIn an economy with a non-convex production sector, we provide an assumption on each individual producer, which implies that the survival assumption holds true at the aggregate level for general pricing rules. For the marginal pricing rule, we derive this assumption from the bounded marginal productivity of inputs. We apply this approach to intertemporal economies and we show how our assumption fits well with the time structure leading to a tractable existence result of equilibria, which could be apply to discrete dynamical growth models.
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Bibliographic InfoPaper provided by HAL in its series Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) with number halshs-00435256.
Date of creation: Nov 2009
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General equilibrium theory ; increasing returns ; survival assumption ; marginal pricing ; general pricing rules;
Other versions of this item:
- Bonnisseau Jean-Marc & Jamin Alexandrine, 2011. "The Survival Assumption in Intertemporal Economies," The B.E. Journal of Theoretical Economics, De Gruyter, vol. 11(1), pages 1-18, June.
- Jean-Marc Bonnisseau & Alexandrine Jamin, 2009. "The Survival Assumption in Intertemporal Economies," Documents de travail du Centre d'Economie de la Sorbonne 09076, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
- C62 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Existence and Stability Conditions of Equilibrium
- C67 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Input-Output Models
- D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
- D51 - Microeconomics - - General Equilibrium and Disequilibrium - - - Exchange and Production Economies
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- Jean-Marc Bonnisseau & Lalaina Rakotonindrainy, 2011.
"Existence of equilibrium in OLG economies with increasing returns,"
Documents de travail du Centre d'Economie de la Sorbonne
11070, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
- Jean-Marc Bonnisseau & Lalaina Rakotonindrainy, 2011. "Existence of equilibrium in OLG economies with increasing returns," UniversitÃ© Paris1 PanthÃ©on-Sorbonne (Post-Print and Working Papers) halshs-00654013, HAL.
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