The Survival Assumption in Intertemporal Economies

Jean-Marc Bonnisseau and Jamin Alexandrine
Additional contact information
Jamin Alexandrine: Université Paris 1 Panthéon-Sorbonne, alexandrine.jamin@univ-paris1.fr

The B.E. Journal of Theoretical Economics, 2011, vol. 11, issue 1, 18

Abstract: In an economy with a non-convex production sector, we provide an assumption on each individual producer, which implies that the survival assumption holds true at the aggregate level for general pricing rules. For the marginal pricing rule, we derive this assumption from the bounded marginal productivity of inputs. We apply this approach to intertemporal economies and we show how our assumption fits well with the time structure. We obtain a tractable existence result of equilibria for discrete time growth models.

Keywords: general equilibrium theory; increasing returns; survival assumption; marginal pricing; general pricing rules; discrete time growth model (search for similar items in EconPapers)
Date: 2011
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
https://doi.org/10.2202/1935-1704.1781 (text/html)
For access to full text, subscription to the journal or payment for the individual article is required.

Related works:
Working Paper: The Survival Assumption in Intertemporal Economies (2011)
Working Paper: The Survival Assumption in Intertemporal Economies (2011)
Working Paper: The Survival Assumption in Intertemporal Economies (2011)
Working Paper: The Survival Assumption in Intertemporal Economies (2009)
Working Paper: The Survival Assumption in Intertemporal Economies (2009)
Working Paper: The Survival Assumption in Intertemporal Economies (2009)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bpj:bejtec:v:11:y:2011:i:1:n:14

Ordering information: This journal article can be ordered from
https://www.degruyter.com/journal/key/bejte/html

DOI: 10.2202/1935-1704.1781

Access Statistics for this article

The B.E. Journal of Theoretical Economics is currently edited by Burkhard C. Schipper

More articles in The B.E. Journal of Theoretical Economics from De Gruyter
Bibliographic data for series maintained by Peter Golla ().