Equilibria with increasing returns: sufficient conditions on bounded production allocations

Jean-Marc BONNISSEAU () and Alexandrine Jamin ()
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Alexandrine Jamin: CERMSEM, http://cermsem.univ-paris1.fr

Cahiers de la Maison des Sciences Economiques from Université Panthéon-Sorbonne (Paris 1)

Abstract: This paper deals with the existence of marginal pricing equilibria or equilibria 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 posit the bounded loss and survival assumptions on a bounded subset of production allocations. Furthermore, the free-disposal assumption is weaken, which allows considering non positive prices. Finally, we also provide an existence result for a quasi-equilibria, when the survival assumption is weaken on the attainable allocations.

Keywords: General economic equilibrium; increasing returns; general pricing rules; bounded losses; marginal pricing rule; free disposal. (search for similar items in EconPapers)
JEL-codes: D21 D43 D51 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-mic
Date: 2003-04, Revised 2005-06
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ftp://mse.univ-paris1.fr/pub/mse/cahiers2005/B05045.pdf (application/pdf)

Related works:
Working Paper: Equilibria with increasing returns: sufficient conditions on bounded production allocations (2005)
Journal Article: Equilibria with Increasing Returns: Sufficient Conditions on Bounded Production Allocations (2008)
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Persistent link: http://EconPapers.repec.org/RePEc:mse:wpsorb:b05045

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