The Survival Assumption in Intertemporal Economies

Jean-Marc Bonnisseau and Alexandrine Jamin ()
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Alexandrine Jamin: CES - Centre d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique

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Abstract: In an economy with a non-convex production sector, we provide an assumption on each individual producer, which implies that the survival assumption holds true at the aggregate level for general pricing rules. For the marginal pricing rule, we derive this assumption from the bounded marginal productivity of inputs. We apply this approach to intertemporal economies and we show how our assumption fits well with the time structure. We obtain a tractable existence result of equilibria for discrete time growth models.

Keywords: General Equilibrium Theory; Increasing Returns; Survival Assumption; Marginal Pricing; General Pricing Rules; discrete time model (search for similar items in EconPapers)
Date: 2011-06-08
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Citations: View citations in EconPapers (3)

Published in B.E. Journal in Theoretical Economics, Topics in Theoretical Economics, 2011, 11 (1), Article 14 (18 p.). ⟨10.2202/1935-1704.1781⟩

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Related works:
Journal Article: The Survival Assumption in Intertemporal Economies (2011)
Working Paper: The Survival Assumption in Intertemporal Economies (2011)
Working Paper: The Survival Assumption in Intertemporal Economies (2011)
Working Paper: The Survival Assumption in Intertemporal Economies (2009)
Working Paper: The Survival Assumption in Intertemporal Economies (2009)
Working Paper: The Survival Assumption in Intertemporal Economies (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00626722

DOI: 10.2202/1935-1704.1781

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