Existence of Average-Cost Pricing Equilibria with Increasing Returns

Yew-Kwang Ng ()

Chapter 4 in Increasing Returns and Economic Efficiency, 2009, pp 40-45 from Palgrave Macmillan

Abstract: Abstract Even in the presence of increasing returns and imperfectly competitive firms, the existence of an average-cost pricing equilibrium that is productively efficient (but in general not Pareto optimal) is demonstrated.

Keywords: Product Price; Production Possibility; Resource Price; Perfect Competition; Competitive Firm (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-23681-3_4

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DOI: 10.1057/9780230236813_4

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