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A non-convex equilibirum model when producers have many production alternatives

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  • Jorge Rivera Cayupi

    ()

Abstract

This paper is on general equilibrium theory, in finite dimensional spaces, where is considered explicitly the existence of exogenous parameters that may affect productivity of firms. Those parameters could be associated with external restriction or possibilities to produce as, for instance, size of the firm or technical options to adopt. In the model will be assumed that for each firm these parameters that defines technology of production are a decision variable for firms, which generalizes the standard model where technology is fixed a priory. The main result of the paper is the existence of equilibrium theorem under general assumptions over the economy, in particular the presence of non-convexities in production.

Suggested Citation

  • Jorge Rivera Cayupi, 2004. "A non-convex equilibirum model when producers have many production alternatives," Estudios de Economia, University of Chile, Department of Economics, vol. 31(2 Year 20), pages 165-175, December.
  • Handle: RePEc:udc:esteco:v:31:y:2004:i:2:p:165-175
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    File URL: http://www.econ.uchile.cl/uploads/publicacion/226d1067-51e5-4646-ba89-e7276b9a5e9d.pdf
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    References listed on IDEAS

    as
    1. 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.
    2. Brown, Donald J., 1991. "Equilibrium analysis with non-convex technologies," Handbook of Mathematical Economics,in: W. Hildenbrand & H. Sonnenschein (ed.), Handbook of Mathematical Economics, edition 1, volume 4, chapter 36, pages 1963-1995 Elsevier.
    3. Bonnisseau, Jean-Marc & Cornet, Bernard, 1988. "Existence of equilibria when firms follow bounded losses pricing rules," Journal of Mathematical Economics, Elsevier, vol. 17(2-3), pages 119-147, April.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Non-convexities in production; general equilibrium; technical options.;

    JEL classification:

    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • D41 - Microeconomics - - Market Structure, Pricing, and Design - - - Perfect Competition
    • D51 - Microeconomics - - General Equilibrium and Disequilibrium - - - Exchange and Production Economies

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