Externalities, Consumption Constraints and Regular Economies

Jean-Marc Bonnisseau and Elena del Mercato

CSEF Working Papers from Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy

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. Our goal is to give sufficient conditions for the regularity of such economies. We prove that, generically, economies are regular in the space of endowments and possibility functions.

Keywords: Externalities; consumption constraints; competitive equilibrium; regular economies (search for similar items in EconPapers)
JEL-codes: C62 D50 D62 (search for similar items in EconPapers)
Date: 2008-02-11, Revised 2009-12-01
New Economics Papers: this item is included in nep-upt
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Published in Economic Theory, 2010, 44(1), 123-147

Downloads: (external link)
http://www.csef.it/WP/wp195.pdf (application/pdf)

Related works:
Journal Article: Externalities, consumption constraints and regular economies (2010)
Working Paper: Externalities, consumption constraints and regular economies (2010)
Working Paper: Externalities, consumption constraints and regular economies (2010)
Working Paper: Externalities, consumption constraints and regular economies (2010)
Working Paper: Externalities, consumption constraints and regular economies (2009)
Working Paper: Externalities, consumption constraints and regular economies (2008)
Working Paper: Externalities, consumption constraints and regular economies (2008)
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