Producer's spatial equilibrium with a fuzzy constraint

Claude Ponsard
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Claude Ponsard: IME - Institut de mathématiques économiques - UB - Université de Bourgogne

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Abstract: The classical theory of the producer's equilibrium rests on two sets of particularly restrictive hypotheses. First it is implicitely assumed that all inputs and outputs are located in a single place where the producer is also implanted and where the production is carried out. Next it is assumed that the producer follows a precise behaviour pattern, by this we mean that the producer has complete information concerning the conditions of hisproductive activity and he has perfect command over both the set of inputs and the set of outputs; he realises the maximum profit allowed by the technological constraint which limits his possible actions and by the given price system. The aim of this study is to discard these two familiesof hypotheses relating first to the economic space of goods and of the agent and second to the precision of the economic agent's behaviour.

Keywords: Agent Behavior; Economic space (search for similar items in EconPapers)
Date: 1980-05
Note: View the original document on HAL open archive server: https://hal.science/hal-01542346v1
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Published in [Research Report] Institut de mathématiques économiques (IME). 1980, 28 p., bibliographie

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