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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...
Persistent link: https://www.econbiz.de/10011599368
Persistent link: https://www.econbiz.de/10002733628
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...
Persistent link: https://www.econbiz.de/10011703053
Persistent link: https://www.econbiz.de/10005827931
Persistent link: https://www.econbiz.de/10005828206
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...
Persistent link: https://www.econbiz.de/10005812759