The marginal pricing rule revisited
The purpose of the paper is to introduce a tighter definition for the marginal pricing rule. By means of an example, we illustrate the improvements that one gets with the new definition with respect to the former one with the Clarke's normal come.
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- Khan, M Ali, 1999.
" The Mordukhovich Normal Cone and the Foundations of Welfare Economics,"
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- 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.
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- repec:dau:papers:123456789/5649 is not listed on IDEAS
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