Prices and Pareto Optima.

We provide necessary condition for Pareto optimum in economies where tastes or technologies may be nonconvex, nonsmooth, and affected by externalities. Firms can pursue own objectives, much like the consumers. Infinite-dimensional commodity spaces are accomodated. Public goods and material balances are accounted for as special instances of linear restrictions.

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Year of publication:	2000
Authors:	Flam, S.D. ; Jourani, A.
Institutions:	Institutt for Økonomi, Universitetet i Bergen
Subject:	GENERAL EQUILIBRIUM \| MATHEMATICAL ANALYSIS \| SOCIAL WELFARE

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Series:	Norway; Department of Economics, University of Bergen.
Type of publication:	Book / Working Paper
Notes:	16 pages
Classification:	C60 - Mathematical Methods and Programming. General ; D50 - General Equilibrium and Disequilibrium. General ; D60 - Welfare Economics. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005783565