Equilibria with Increasing Returns: Sufficient Conditions on Bounded Allocations

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: This paper deals with the existence of marginal pricing equilibrium or equilibrium with general pricing rules in an economy with increasing returns to scale or more general types of non convexities in production. Its main contribution is to demonstrate existence of equilibrium with bounded loss and survival assumptions required only on a bounded subset of production allocations. Furthermore, we require only a weakened form of the free-disposal assumption and we also allow non positive prices.

Keywords: General economic equilibrium; increasing returns; general pricing rules; bounded losses; marginal pricing rule; free disposal (search for similar items in EconPapers)
Date: 2008-12
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Citations: View citations in EconPapers (4)

Published in Journal of Public Economic Theory, 2008, 10 (6), pp.1033-1068. ⟨10.1111/j.1467-9779.2008.00395.x⟩

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Working Paper: Equilibria with Increasing Returns: Sufficient Conditions on Bounded Allocations (2008)
Working Paper: Equilibria with Increasing Returns: Sufficient Conditions on Bounded Allocations (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:pseptp:halshs-00309536

DOI: 10.1111/j.1467-9779.2008.00395.x

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