On the satisfaction of peak demand in the certainty case

Yves Balasko

Journal of Mathematical Economics, 2008, vol. 44, issue 7-8, 569-574

Abstract: The concept of full-capacity flat-rate equilibrium is explored for a version of the Arrow-Debreu model with time-differentiated goods and production subject to a capacity constraint. The corresponding equilibrium allocations are shown to be inefficient in general. It is also shown that rationing peak demand is Pareto superior to non-rationing.

Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:eee:mateco:v:44:y:2008:i:7-8:p:569-574

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