Existence of Equilibria in Nonconvex Economies without Free Disposal

In this paper we eliminate the free disposal assumption in a general equilibrium model in which the production sector may exhibit increasing returns to scale or more general types of nonconvexities and where the firms follow general pricing rules. Under standard assumptions in this framework, we state this existence of an equilibrium generalizing the classical results on this model.

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Year of publication:	1992-01
Authors:	Jouini, Elyès
Institutions:	Université Paris-Dauphine (Paris IX)
Subject:	General Equilibrium Model

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Series:	Economics Papers from University Paris Dauphine.
Type of publication:	Book / Working Paper
Notes:	Published in Economics Letters, 1992, Vol. 38, no. 1. pp. 37-42.Length: 5 pages
Classification:	D50 - General Equilibrium and Disequilibrium. General ; G12 - Asset Pricing
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010905150