Chavas, Jean-Paul; Briec, Walter - In: Economic Theory 50 (2012) 3, pp. 671-701
This paper investigates economic efficiency under non-convexity. The analysis relies on a generalization of the separating hyperplane theorem under non-convexity. The concept of zero-maximality is used to characterize Pareto efficiency under non-convexity. We show the existence of a separating...