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Abstract Of On Market Equilibrium Analysis

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  • Jean Paul CHAVAS
  • Thomas L. COX

Abstract

The paper develops the implications of competitive market equilibrium for production and household behavior when some prices are endogenously determined. The properties of market equilibrium functions are explored, including the effects of pricing policy. A Slutsky-type equation relating compensated and uncompensated market equilibrium functions is derived. Implications for multi-market welfare analysis are presented, focusing on the effects of pricing policy and technical change.

Suggested Citation

  • Jean Paul CHAVAS & Thomas L. COX, 1996. "Abstract Of On Market Equilibrium Analysis," Staff Papers 393, University of Wisconsin Madison, AAE.
    • Handle: RePEc:wop:wiaesp:393
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    File URL: http://agecon.lib.umn.edu/wis/stpap393.pdf
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    References listed on IDEAS

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