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The Survival Assumption in Intertemporal Economies

Abstract : In an economy with a non-convex production sector, we provide an assumption on each individual producer, which implies that the survival assumption holds true at the aggregate level for general pricing rules. For the marginal pricing rule, we derive this assumption from the bounded marginal productivity of inputs. We apply this approach to intertemporal economies and we show how our assumption fits well with the time structure. We obtain a tractable existence result of equilibria for discrete time growth models.
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https://halshs.archives-ouvertes.fr/halshs-00626722
Contributor : Jean-Marc Bonnisseau <>
Submitted on : Monday, September 26, 2011 - 10:19:00 PM
Last modification on : Tuesday, January 19, 2021 - 11:08:50 AM

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  • HAL Id : halshs-00626722, version 1

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Jean-Marc Bonnisseau, Alexandrine Jamin. The Survival Assumption in Intertemporal Economies. B.E. Journal in Theoretical Economics, Topics in Theoretical Economics, De Gruyter, 2011, 11 (1), Article 14 (18 p.). ⟨halshs-00626722⟩

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