The marginal pricing rule revisited

Jean-Marc Bonnisseau, Bernard Cornet and Marc-Olivier Czarnecki ()
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Marc-Olivier Czarnecki: I3M - Institut de Mathématiques et de Modélisation de Montpellier - UM2 - Université Montpellier 2 - Sciences et Techniques - UM - Université de Montpellier - CNRS - Centre National de la Recherche Scientifique

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Abstract: The purpose of the paper is to introduce a tighter definition for the marginal (cost) pricing rule. By means of an example, we illustrate the improvements that one gets with the new definition with respect to the former one using Clarke's normal cone, and we discuss its consequences in terms of the existence of equilibria.

Keywords: General equilibrium; Marginal cost; Marginal pricing rule; Non-convex production sets; Existence of equilibria; Increasing returns (search for similar items in EconPapers)
Date: 2005-11
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00794924
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Published in 2005

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Related works:
Journal Article: The marginal pricing rule revisited (2007)
Working Paper: The marginal pricing rule revisited (2005)
Working Paper: The marginal pricing rule revisited (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00794924

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