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A Note on the Existence of a Competitive Optimal Output

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  • JOHN QUIGGIN

Abstract

The question of the existence of a competitive optimum under conditions of price and technological uncertainty is examined. Necessary and sufficient conditions covering all but a ‘borderline’ indeterminate case are derived.

Suggested Citation

  • John Quiggin, 1982. "A Note on the Existence of a Competitive Optimal Output," The Economic Record, The Economic Society of Australia, vol. 58(2), pages 174-176, June.
    • Handle: RePEc:bla:ecorec:v:58:y:1982:i:2:p:174-176
    DOI: 10.1111/j.1475-4932.1982.tb00363.x
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    References listed on IDEAS

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    1. Bertsekas, Dimitri P., 1974. "Necessary and sufficient conditions for existence of an optimal portfolio," Journal of Economic Theory, Elsevier, vol. 8(2), pages 235-247, June.
    2. Sandmo, Agnar, 1971. "On the Theory of the Competitive Firm under Price Uncertainty," American Economic Review, American Economic Association, vol. 61(1), pages 65-73, March.
    3. Leland, Hayne E., 1972. "On the existence of optimal policies under uncertainty," Journal of Economic Theory, Elsevier, vol. 4(1), pages 35-44, February.
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