Externalities, consumption constraints and regular economies

Jean-Marc BONNISSEAU () and Elena Laureana del Mercato ()

Documents de travail du Centre d'Economie de la Sorbonne from Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne

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. Showing by means of an example that basic assumptions are not enough to guarantee generic regularity, we provide sufficient conditions for generic regularity 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, Revised 2009-04

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ftp://mse.univ-paris1.fr/pub/mse/CES2008/B08011.pdf (application/pdf)

Related works:
Working Paper: Externalities, consumption constraints and regular economies (2008)
Working Paper: Externalities, Consumption Constraints and Regular Economies (2008)
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Persistent link: http://EconPapers.repec.org/RePEc:mse:cesdoc:b08011

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