Competitive markets with externalities

This paper presents a general model of a competitive market with consumption externalities, and establishes the existence of equilibrium in the model, under assumptions comparable to those in classical models. The model allows production and indivisible goods. Examples illustrate the generality and applicability of the results.

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Year of publication:	2006
Authors:	Zame, William R. ; Noguchi, Mitsunori
Published in:	Theoretical Economics. - New York, NY : The Econometric Society, ISSN 1555-7561. - Vol. 1.2006, 2, p. 143-166
Publisher:	New York, NY : The Econometric Society
Subject:	Competitive equilibrium \| externalities \| distributional economies

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Type of publication:	Article
Type of publication (narrower categories):	Article
Language:	English
Other identifiers:	895591251 [GVK] hdl:10419/150077 [Handle] RePEc:the:publsh:168 [RePEc]
Classification:	D5 - General Equilibrium and Disequilibrium
Source:	EconStor

Persistent link: https://www.econbiz.de/10011599368