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Article Dans Une Revue Journal of Public Economic Theory Année : 2008

Equilibria with Increasing Returns: Sufficient Conditions on Bounded Allocations

Résumé

This paper deals with the existence of marginal pricing equilibrium or equilibrium with general pricing rules in an economy with increasing returns to scale or more general types of non convexities in production. Its main contribution is to demonstrate existence of equilibrium with bounded loss and survival assumptions required only on a bounded subset of production allocations. Furthermore, we require only a weakened form of the free-disposal assumption and we also allow non positive prices.

Dates et versions

halshs-00309536 , version 1 (06-08-2008)

Identifiants

Citer

Jean-Marc Bonnisseau, Alexandrine Jamin. Equilibria with Increasing Returns: Sufficient Conditions on Bounded Allocations. Journal of Public Economic Theory, 2008, 10 (6), pp.1033-1068. ⟨10.1111/j.1467-9779.2008.00395.x⟩. ⟨halshs-00309536⟩
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