Existence of equilibria in economies with increasing returns and infinitely many commodities - Archive ouverte HAL
Article Dans Une Revue Journal of Mathematical Economics Année : 1999

Existence of equilibria in economies with increasing returns and infinitely many commodities

Résumé

In this paper, we prove the existence of equilibria in a model with infinitely many commodities and where production sets exhibit increasing returns to scale or more general types of non-convexities. We distinguish two cases. In the first, producers follow loss free pricing rules like the average cost or the profit maximizing pricing rule. The second case is devoted to bounded loss pricing rules. In each case, we give an existence result under assumptions which extend those considered in the finite dimensional case. In particular, they are satisfied by a firm with a convex production set which maximizes its profits. We also give a new sufficient condition to have an economically meaningful equilibrium price.

Dates et versions

hal-00187220 , version 1 (14-11-2007)

Identifiants

Citer

Jean-Marc Bonnisseau, Moncef Meddeb. Existence of equilibria in economies with increasing returns and infinitely many commodities. Journal of Mathematical Economics, 1999, 31 (3), pp.287-307. ⟨10.1016/S0304-4068(97)00064-5⟩. ⟨hal-00187220⟩
258 Consultations
0 Téléchargements

Altmetric

Partager

More