More General Smithian Models

Xiaokai Yang and Wai-Man Liu
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Wai-Man Liu: University of New South Wales, Australia

Chapter 4 in Inframarginal Economics, 2008, pp 91-109 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThe following sections are included:Theoretical Foundation of Inframarginal EconomicsA General Smithian Model with ex ante Different Consumer-producersThe Existence of a Competitive EquilibriumEquilibrium Organism and Efficiency of the Invisible Hand in Coordinating Division of LaborFurther Reading

Keywords: Inframarginal Economics; Inframarginal Analysis; Division of Labor; Specialization; Network Effects; Smithian Framework; Transaction Costs (search for similar items in EconPapers)
JEL-codes: O30 (search for similar items in EconPapers)
Date: 2008
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