Showing 1 - 3 of 3
This paper constructs a closed set Y in R' such that for all y in the boundary of Y Clarke's normal cone to Y at y is equal to R'+. If Y is the production set of a tirm, then the marginal cost pricing rule imposes no restriction. The existence of Y is shown to be equivalent to the existence of a...
Persistent link: https://www.econbiz.de/10012776305
Persistent link: https://www.econbiz.de/10001271542
Persistent link: https://www.econbiz.de/10001065476