A second welfare theorem in a non-convex economy: The case of antichain-convexity
Author
Abstract
Suggested Citation
DOI: 10.1016/j.jmateco.2018.12.007
Download full text from publisher
As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.
Other versions of this item:
- Ceparano, Maria Carmela & Quartieri, Federico, 2018. "A Second Welfare Theorem in a Non-convex Economy: The Case of Antichain-convexity," MPRA Paper 87531, University Library of Munich, Germany.
References listed on IDEAS
- Bonnisseau, Jean-Marc & Cornet, Bernard, 1988.
"Valuation equilibrium and pareto optimum in non-convex economies,"
Journal of Mathematical Economics, Elsevier, vol. 17(2-3), pages 293-308, April.
- Bonnisseau, J.-M. & Cornet, B., 1986. "Valuation equilibrium and Pareto optimum in nonconvex economies," LIDAM Discussion Papers CORE 1986036, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- BONNISSEAU, Jean-Marc & CORNET, Bernard, 1988. "Valuation equilibrium and Pareto optimum in non-convex economies," LIDAM Reprints CORE 817, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Jean-Marc Bonnisseau & Bernard Cornet, 1988. "Valuation equilibrium and pareto optimum in non-convex economies," Post-Print hal-00187225, HAL.
- Jean-Marc Bonnisseau & Bernard Cornet, 1988. "Valuation equilibrium and pareto optimum in non-convex economies," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-00187225, HAL.
- M. Ali Khan, 1999.
"The Mordukhovich Normal Cone and the Foundations of Welfare Economics,"
Journal of Public Economic Theory, Association for Public Economic Theory, vol. 1(3), pages 309-338, July.
- M Ali Khan, 1998. "The Murdukovich Normal Cone and the Foundations of Welfare Economics," Economics Working Paper Archive 404, The Johns Hopkins University,Department of Economics.
- Monique Florenzano & Pascal Gourdel & Alejandro Jofré, 2006.
"Supporting weakly Pareto optimal allocations in infinite dimensional nonconvex economies,"
Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 29(3), pages 549-564, November.
- Monique Florenzano & Pascal Gourdel & Alejandro Jofré, 2006. "Supporting weakly Pareto optimal allocations in infinite dimensional nonconvex economies," Post-Print halshs-00086819, HAL.
- Monique Florenzano & Pascal Gourdel & Alejandro Jofré, 2006. "Supporting weakly Pareto optimal allocations in infinite dimensional nonconvex economies," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00086819, HAL.
- M. Ali Khan & Rajiv Vohra, 1987. "An Extension of the Second Welfare Theorem to Economies with Nonconvexities and Public Goods," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 102(2), pages 223-241.
- Ceparano, Maria Carmela & Quartieri, Federico, 2017.
"Nash equilibrium uniqueness in nice games with isotone best replies,"
Journal of Mathematical Economics, Elsevier, vol. 70(C), pages 154-165.
- Ceparano, Maria Carmela & Quartieri, Federico, 2015. "Nash equilibrium uniqueness in nice games with isotone best replies," MPRA Paper 67080, University Library of Munich, Germany.
- Ceparano, Maria Carmela & Quartieri, Federico, 2015. "Nash equilibrium uniqueness in nice games with isotone best replies," MPRA Paper 69010, University Library of Munich, Germany, revised 24 Jan 2016.
- Ceparano, Maria Carmela & Quartieri, Federico, 2015. "Nash equilibrium uniqueness in nice games with isotone best replies," MPRA Paper 67765, University Library of Munich, Germany.
- Flam, S.D. & Jourani, A., 2000.
"Prices and Pareto Optima,"
Norway; Department of Economics, University of Bergen
0800, Department of Economics, University of Bergen.
- Flam, Sjur & Jourani, A., 2006. "Prices and Pareto Optima," Working Papers 2006:6, Lund University, Department of Economics.
- Mas-Colell, Andreu & Whinston, Michael D. & Green, Jerry R., 1995. "Microeconomic Theory," OUP Catalogue, Oxford University Press, number 9780195102680.
- repec:bla:jpbect:v:1:y:1999:i:3:p:309-38 is not listed on IDEAS
- Guesnerie, Roger, 1975. "Pareto Optimality in Non-Convex Economies," Econometrica, Econometric Society, vol. 43(1), pages 1-29, January.
- Charalambos D. Aliprantis & Kim C. Border, 2006. "Infinite Dimensional Analysis," Springer Books, Springer, edition 0, number 978-3-540-29587-7, December.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Maria Carmela Ceparano & Federico Quartieri, 2020. "On Pareto Dominance in Decomposably Antichain-Convex Sets," Journal of Optimization Theory and Applications, Springer, vol. 186(1), pages 68-85, July.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Maria Carmela Ceparano & Federico Quartieri, 2020. "On Pareto Dominance in Decomposably Antichain-Convex Sets," Journal of Optimization Theory and Applications, Springer, vol. 186(1), pages 68-85, July.
- Paul Oslington, 2012. "General Equilibrium: Theory and Evidence," The Economic Record, The Economic Society of Australia, vol. 88(282), pages 446-448, September.
- W D A Bryant, 2009. "General Equilibrium:Theory and Evidence," World Scientific Books, World Scientific Publishing Co. Pte. Ltd., number 6875, August.
- Flam, S.D. & Jourani, A., 2000.
"Prices and Pareto Optima,"
Norway; Department of Economics, University of Bergen
0800, Department of Economics, University of Bergen.
- Flam, Sjur & Jourani, A., 2006. "Prices and Pareto Optima," Working Papers 2006:6, Lund University, Department of Economics.
- Jean-Marc Bonnisseau & Matias Fuentes, 2022.
"Increasing returns, externalities and equilibrium in Riesz spaces,"
Documents de travail du Centre d'Economie de la Sorbonne
22025, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
- Jean-Marc Bonnisseau & Matías Fuentes, 2022. "Increasing returns, externalities and equilibrium in Riesz spaces," Post-Print halshs-03908326, HAL.
- Jean-Marc Bonnisseau & Matías Fuentes, 2022. "Increasing returns, externalities and equilibrium in Riesz spaces," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-03908326, HAL.
- Sushama Murty, 2014. "Necessary and sufficient conditions for an environmental Kuznets curve with some illustrative examples," Discussion Papers 1407, University of Exeter, Department of Economics.
- Jean-Marc Bonnisseau, 2000.
"The Marginal Pricing Rule in Economies with Infinitely Many Commodities,"
Econometric Society World Congress 2000 Contributed Papers
0262, Econometric Society.
- Bonnisseau, J.M., 2000. "The Marginal Pricing Rule in Economies with Infinitely Many Commodities," Papiers d'Economie Mathématique et Applications 2000.47, Université Panthéon-Sorbonne (Paris 1).
- Monique Florenzano & Pascal Gourdel & Alejandro Jofré, 2006.
"Supporting weakly Pareto optimal allocations in infinite dimensional nonconvex economies,"
Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 29(3), pages 549-564, November.
- Monique Florenzano & Pascal Gourdel & Alejandro Jofré, 2006. "Supporting weakly Pareto optimal allocations in infinite dimensional nonconvex economies," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00086819, HAL.
- Monique Florenzano & Pascal Gourdel & Alejandro Jofré, 2006. "Supporting weakly Pareto optimal allocations in infinite dimensional nonconvex economies," Post-Print halshs-00086819, HAL.
- Jean-Marc Bonnisseau & Matías Fuentes, 2020.
"Market Failures and Equilibria in Banach Lattices: New Tangent and Normal Cones,"
Journal of Optimization Theory and Applications, Springer, vol. 184(2), pages 338-367, February.
- Jean-Marc Bonnisseau & Matías Fuentes, 2020. "Market Failures and Equilibria in Banach Lattices: New Tangent and Normal Cones," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-02344270, HAL.
- Jean-Marc Bonnisseau & Matías Fuentes, 2020. "Market Failures and Equilibria in Banach Lattices: New Tangent and Normal Cones," PSE-Ecole d'économie de Paris (Postprint) halshs-02344270, HAL.
- Jean-Marc Bonnisseau & Matías Fuentes, 2020. "Market Failures and Equilibria in Banach Lattices: New Tangent and Normal Cones," Post-Print halshs-02344270, HAL.
- Jean Paul Chavas, 2015.
"Coase Revisited: Economic Efficiency under Externalities, Transaction Costs, and Nonconvexity,"
Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 171(4), pages 709-734, December.
- Chavas, Jean-Paul, 2013. "Coase Revisited: Economic Efficiency under Externalities, Transaction Costs and Non-Convexity," 2013 Annual Meeting, August 4-6, 2013, Washington, D.C. 149682, Agricultural and Applied Economics Association.
- Antonio Villar, 1994.
"Existence and efficiency of equilibrium in economics with increasing returns to scale: an exposition,"
Investigaciones Economicas, Fundación SEPI, vol. 18(2), pages 205-243, May.
- Antonio Villar Notario, 1994. "Existence and efficiency of equilibrium in economies with increasing returns to scale: An exposition," Working Papers. Serie AD 1994-07, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
- Jean-Marc Bonnisseau & Matías Fuentes, 2022. "Increasing returns, externalities and equilibrium in Riesz spaces," Working Papers halshs-03908326, HAL.
- Paweł Dziewulski, 2011. "On Time-to-Build Economies with Multiple-Stage Investments," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 9, pages 23-49.
- Torregrosa, Ramon. J., 2008. "Preference for Income Taxation with Several Heterogeneous Consumers," MPRA Paper 14291, University Library of Munich, Germany.
- Bonnisseau, J.-M. & Cornet, B., 2008.
"Existence of equilibria with a tight marginal pricing rule,"
Journal of Mathematical Economics, Elsevier, vol. 44(7-8), pages 613-624, July.
- Jean-Marc Bonnisseau & Bernard Cornet, 2006. "Existence of Equilibria with a Tight Marginal Pricing Rule," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00113335, HAL.
- Bernard Cornet & Jean Marc Bonnisseau, 2009. "Existence of Equilibria with a Tight Marginal Pricing Rule," WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS 200908, University of Kansas, Department of Economics, revised Dec 2009.
- Jean-Marc Bonnisseau & Bernard Cornet, 2008. "Existence of equilibria with a tight marginal pricing rule," Post-Print hal-00187216, HAL.
- Jean-Marc Bonnisseau & Bernard Cornet, 2008. "Existence of equilibria with a tight marginal pricing rule," PSE-Ecole d'économie de Paris (Postprint) hal-00187216, HAL.
- Jean-Marc Bonnisseau & Bernard Cornet, 2006. "Existence of Equilibria with a Tight Marginal Pricing Rule," Post-Print halshs-00113335, HAL.
- Jean-Marc Bonnisseau & Bernard Cornet, 2008. "Existence of equilibria with a tight marginal pricing rule," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-00187216, HAL.
- Brown, Donald J. & Heller, Walter P. & Starr, Ross M., 1992. "Two-part marginal cost pricing equilibria: Existence and efficiency," Journal of Economic Theory, Elsevier, vol. 57(1), pages 52-72.
- Sudhir A. Shah, 2016. "The Generalized Arrow-Pratt Coefficient," Working papers 254, Centre for Development Economics, Delhi School of Economics.
- Jean-Marc Bonnisseau & Bernard Cornet & Marc-Olivier Czarnecki, 2007.
"The marginal pricing rule revisited,"
Economic Theory,
Springer;Society for the Advancement of Economic Theory (SAET), vol. 33(3), pages 579-589, December.
- Jean-Marc Bonnisseau & Bernard Cornet & Marc-Olivier Czarnecki, 2005. "The marginal pricing rule revisited," Cahiers de la Maison des Sciences Economiques b06021, Université Panthéon-Sorbonne (Paris 1).
- Jean-Marc Bonnisseau & Bernard Cornet & Marc-Olivier Czarnecki, 2006. "The Marginal Pricing Rule Revisited," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00113332, HAL.
- Jean-Marc Bonnisseau & Bernard Cornet & Marc-Olivier Czarnecki, 2006. "The marginal pricing rule revisited," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00794924, HAL.
- Doraszelski, Ulrich & Escobar, Juan F., 2019.
"Protocol invariance and the timing of decisions in dynamic games,"
Theoretical Economics, Econometric Society, vol. 14(2), May.
- Doraszelski, Ulrich & Escobar, Juan, 2016. "Protocol Invariance and the Timing of Decisions in Dynamic Games," CEPR Discussion Papers 11447, C.E.P.R. Discussion Papers.
- Murty, Sushama, 2010.
"Externalities and fundamental nonconvexities: A reconciliation of approaches to general equilibrium externality modeling and implications for decentralization,"
Journal of Economic Theory, Elsevier, vol. 145(1), pages 331-353, January.
- Murty, Sushama, 2006. "Externalities and Fundamental Nonconvexities: A Reconciliation of Approaches to General Equilibrium Externality Modeling and Implications for Decentralization," Economic Research Papers 269649, University of Warwick - Department of Economics.
- Murty, Sushama, 2006. "Externalities and Fundamental Nonconvexities : A Reconciliation of Approaches to General Equilibrium Externality Modelling and Implications for Decentralization," The Warwick Economics Research Paper Series (TWERPS) 756, University of Warwick, Department of Economics.
More about this item
Keywords
Second theorem of welfare economics; Non-convex economies; Chain-convexity and antichain-convexity; Separation theorem; Convex sum of non-convex sets;All these keywords.
JEL classification:
- C02 - Mathematical and Quantitative Methods - - General - - - Mathematical Economics
- C60 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - General
- D51 - Microeconomics - - General Equilibrium and Disequilibrium - - - Exchange and Production Economies
- D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:mateco:v:81:y:2019:i:c:p:31-47. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/jmateco .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.