Existence of equilibria in nonconvex economies without free disposal

Elyès Jouini ()

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Abstract: In this paper we eliminate the free disposal assumption in a general equilibrium model in which the production sector may exhibit increasing returns to scale or more general types of nonconvexities and where the firms follow general pricing rules. Under standard assumptions in this framework, we state this existence of an equilibrium generalizing the classical results on this model.

Keywords: equilibrium (search for similar items in EconPapers)
Date: 1992
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Citations: View citations in EconPapers (3)

Published in Economics Letters, 1992, 38, pp.37-42

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Journal Article: Existence of equilibria in nonconvex economies without free disposal (1992)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00167135

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