The Survival Assumption in Intertemporal Economies

Jean-Marc Bonnisseau and Alexandrine Jamin ()
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Alexandrine Jamin: Centre d'Economie de la Sorbonne, https://centredeconomiesorbonne.cnrs.fr

Documents de travail du Centre d'Economie de la Sorbonne from Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne

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 leading to a tractable existence result of equilibria, which could be apply to discrete dynamical growth models

Keywords: General equilibrium theory; increasing returns; survival assumption; marginal pricing; general pricing rules (search for similar items in EconPapers)
JEL-codes: C62 C67 D21 D51 (search for similar items in EconPapers)
Pages: 18 pages
Date: 2009-11
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ftp://mse.univ-paris1.fr/pub/mse/CES2009/09076.pdf (application/pdf)

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 (2011)
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:mse:cesdoc:09076

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