Production Economies

Antonio Villanacci, Laura Carosi, Pierluigi Benevieri and Andrea Battinelli
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Antonio Villanacci: Università degli Studi di Firenze
Laura Carosi: Università degli Studi di Pisa
Pierluigi Benevieri: Università degli Studi di Firenze
Andrea Battinelli: Università degli Studi di Siena

Chapter Chapter 9 in Differential Topology and General Equilibrium with Complete and Incomplete Markets, 2002, pp 257-287 from Springer

Abstract: Abstract In this chapter, we introduce the possibility of production in the general equilibrium framework: another class of agents, firms 1, enters the model. We first briefly discuss the concept of firm and we introduce the definition of equilibrium in a production economy. Then, following exactly the same strategy used in the previous chapter, we show existence of equilibria and properties of regular economies.

Keywords: Utility Function; General Equilibrium; Production Economy; Transformation Function; Exchange Economy (search for similar items in EconPapers)
Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-1-4757-3619-9_9

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DOI: 10.1007/978-1-4757-3619-9_9

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