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Externalities, consumption constraints and regular economies

Author

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  • Jean-Marc Bonnisseau

    () (CES - Centre d'économie de la Sorbonne - UP1 - Université Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique, PSE - Paris School of Economics)

  • Elena L. Del Mercato

    () (CES - Centre d'économie de la Sorbonne - UP1 - Université Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique, PSE - Paris School of Economics)

Abstract

We consider a general model of pure exchange economies with consumption externalities. Households may have different consumption sets and each consumption set is described by a function called possibility function. Utility and possibility functions depend on the consumptions of all households. Showing by means of an example that basic assumptions are not enough to guarantee generic regularity, we provide sufficient conditions for generic regularity in the space of endowments and possibility functions.

Suggested Citation

  • Jean-Marc Bonnisseau & Elena L. Del Mercato, 2008. "Externalities, consumption constraints and regular economies," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00257731, HAL.
  • Handle: RePEc:hal:cesptp:halshs-00257731
    Note: View the original document on HAL open archive server: https://halshs.archives-ouvertes.fr/halshs-00257731v2
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. Elena L. Mercato & Vincenzo Platino, 2017. "Private ownership economies with externalities and existence of competitive equilibria: a differentiable approach," Journal of Economics, Springer, vol. 121(1), pages 75-98, May.
    2. repec:hal:journl:halshs-01164015 is not listed on IDEAS
    3. Elena L. Mercato & Vincenzo Platino, 2017. "On the regularity of smooth production economies with externalities: competitive equilibrium à la Nash," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 63(1), pages 287-307, January.
    4. Ericson Richard E. & Kung Fan-chin, 2015. "Fundamental Non-convexity and Externalities: A Differentiable Approach," The B.E. Journal of Theoretical Economics, De Gruyter, vol. 15(1), pages 1-14, January.
    5. Yves Balasko, 2013. "Social demand functions in general equilibrium," Textos para discussão 609, Department of Economics PUC-Rio (Brazil).
    6. repec:hal:journl:halshs-01162039 is not listed on IDEAS
    7. Balasko, Yves, 2015. "Wealth concerns and equilibrium," Journal of Mathematical Economics, Elsevier, vol. 59(C), pages 92-101.

    More about this item

    Keywords

    regular economies; Externalités; contraintes sur la consommation; équilibre compétitif.; Externalities; consumption constraints; competitive equilibrium; regular economies.;

    JEL classification:

    • C62 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Existence and Stability Conditions of Equilibrium
    • D50 - Microeconomics - - General Equilibrium and Disequilibrium - - - General
    • D62 - Microeconomics - - Welfare Economics - - - Externalities

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