An index theorem for nonconvex production economies

Elyès Jouini ()

Journal of Economic Theory, 1992, vol. 57, issue 1, 176-196

Abstract: We consider a general equilibrium model in which the production sector may exhibit incresing returns to scale or more general types of nonconvexities. We assume that the firms follow general pricing rules. Under standard assumptions in this model, we establish an index formula, which generalizes similar results on exchange economies and on convex production economies. This formula allows us to deduce an equilibrium existence theorem and a uniqueness condition.

Date: 1992
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Citations: View citations in EconPapers (14)

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Working Paper: An Index Theorem for Nonconvex Production Economies (1992)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jetheo:v:57:y:1992:i:1:p:176-196

DOI: 10.1016/S0022-0531(05)80047-X

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