On the satisfaction of peak demand in the certainty case
The concept of full-capacity flat-rate equilibrium is explored for a version of the Arrow-Debreu model with time-differentiated goods and production subject to a capacity constraint. The corresponding equilibrium allocations are shown to be inefficient in general. It is also shown that rationing peak demand is Pareto superior to non-rationing.
Year of publication: |
2008
|
---|---|
Authors: | Balasko, Yves |
Published in: |
Journal of Mathematical Economics. - Elsevier, ISSN 0304-4068. - Vol. 44.2008, 7-8, p. 569-574
|
Publisher: |
Elsevier |
Saved in:
Online Resource
Saved in favorites
Similar items by person
-
Social demand functions in general equilibrium
Balasko, Yves, (2013)
-
Heckscher-Ohlin explained by Walras
Balasko, Yves, (2013)
-
Characterization of equilibria at which the advantageous gift phenomenon occurs
Balasko, Yves, (2013)
- More ...