The Marginal Pricing Rule in Economies with Infinitely Many Commodities
Clarke's normal cone appears as the right tool to define the marginal pricing rule in finite dimensional commodity space since it allows to consider in the same framework convex, smooth as well as nonsmooth nonconvex production sets. Furthermore it has nice continuity and convexity properties. But it is not well adapted for economies with infinitely many commodities since it does satisfy minimal continuity properties. In this paper, we propose an alternative definition of the marginal pricing rule.
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| Length: | 22 pages |
| Date of creation: | 2000 |
| Date of revision: | |
| Handle: | RePEc:fth:pariem:2000.47 |
| Contact details of provider: | Postal: France; Universite de Paris I - Pantheon- Sorbonne, 12 Place de Pantheon-75005 Paris, France Phone: + 33 44 07 81 00 Fax: + 33 1 44 07 83 01 Web page: http://cermsem.univ-paris1.fr/ More information through EDIRC
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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers)
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CORE Discussion Papers
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- repec:dau:papers:123456789/5649 is not listed on IDEAS
- Cornet, Bernard, 1988. "Topological properties of the attainable set in a non-convex production economy," Journal of Mathematical Economics, Elsevier, vol. 17(2-3), pages 275-292, April.
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