Existence of Marginal Cost Pricing Equilibria: The Nonsmooth Case
In this article, the authors report a general existence theorem of a marginal (cost) pricing equilibrium for an economy that may exhibit increasing returns to scale or more general types of nonconvexities in the production sector. Their model considers an arbitrary number of firms and no smoothness assumption is made on the production sets or on the aggregate production set. Copyright 1990 by Economics Department of the University of Pennsylvania and the Osaka University Institute of Social and Economic Research Association.
Volume (Year): 31 (1990)
Issue (Month): 3 (August)
|Contact details of provider:|| Postal: |
Phone: (215) 898-8487
Fax: (215) 573-2057
Web page: http://www.econ.upenn.edu/ier
More information through EDIRC
|Order Information:|| Web: http://www.blackwellpublishing.com/subs.asp?ref=0020-6598 Email: |
When requesting a correction, please mention this item's handle: RePEc:ier:iecrev:v:31:y:1990:i:3:p:685-708. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing)or ()
If references are entirely missing, you can add them using this form.