Existence of marginal cost pricing equilibria : the nonsmooth case - Archive ouverte HAL
Article Dans Une Revue International Economic Review Année : 1990

Existence of marginal cost pricing equilibria : the nonsmooth case

Résumé

In this article we report a general existence theorem of a marginal (cost) pricing equilibrium for an economy which may exhibit increasing returns to scale or more general types of nonconvexities in the production sector. Our model considers an arbitrary number of firms and no smoothness assumption is made on their production sets or on the aggregate production set.
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Dates et versions

hal-00623271 , version 1 (13-09-2011)

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  • HAL Id : hal-00623271 , version 1

Citer

Jean-Marc Bonnisseau, Bernard Cornet. Existence of marginal cost pricing equilibria : the nonsmooth case. International Economic Review, 1990, 31 (3), pp.685-708. ⟨hal-00623271⟩
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