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Existence of equilibria in nonconvex economies without free disposal

Abstract : In this paper we eliminate the free disposal assumption in a general equilibrium model in which the production sector may exhibit increasing returns to scale or more general types of nonconvexities and where the firms follow general pricing rules. Under standard assumptions in this framework, we state this existence of an equilibrium generalizing the classical results on this model.
keyword : equilibrium
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https://halshs.archives-ouvertes.fr/halshs-00167135
Contributor : Elyès Jouini Connect in order to contact the contributor
Submitted on : Thursday, August 16, 2007 - 12:45:00 AM
Last modification on : Wednesday, November 17, 2021 - 12:26:51 PM

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  • HAL Id : halshs-00167135, version 1

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Elyès Jouini. Existence of equilibria in nonconvex economies without free disposal. Economics Letters, Elsevier, 1992, 38, pp.37-42. ⟨halshs-00167135⟩

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