Showing 111 - 120 of 191
Persistent link: https://www.econbiz.de/10005715404
We consider a general model of pure exchange economies with consumption externalities. Households may have different consumption sets and each consumption set is described by a function called possibility function. Utility and possibility functions depend on the consumptions of all households....
Persistent link: https://www.econbiz.de/10005839188
In the spirit of Smale's work, we consider pure exchange economies with general consumption sets. In this paper, the consumption set of each household is described in terms of a function called possibility function. The main innovation comes from the dependency of each possibility function with...
Persistent link: https://www.econbiz.de/10005797764
This paper deals with the existence of marginal pricing equilibria or equilibria with general pricing rules in an economy with increasing returns to scale or more general types of non convexities in production. Its main contribution is to posit the bounded loss and survival assumptions on a...
Persistent link: https://www.econbiz.de/10005797774
We prove the non-emptiness of the core of an NTU game satisfying a condition of payoff-dependent balancedness, based on transfer rate mappings. We also define a new equilibrium condition on transfer rates and we prove the existence of core payoff vectors satisfying this condition. The additional...
Persistent link: https://www.econbiz.de/10008532573
In a pure exchange economy, we definie a new concept of local equilibria where the consumers are restricted by sale constraints. So the equilibrium consumptions are close to the initial endowments. We prove that the local equilibrium is always unique when utility functions are smooth and the...
Persistent link: https://www.econbiz.de/10004988954
We consider an economy with externalities and non-convex production sets. We state a general result which gives a characterization of Pareto optimal allocations. This generalizes previous results in the case of convex economies or non-convex economies without externalities. Before, we present a...
Persistent link: https://www.econbiz.de/10005066032
Persistent link: https://www.econbiz.de/10005099542
We prove the non-emptiness of the core of an NTU game satisfying a condition of payoff-dependent balancedness, based on transfer rate mappings. We also define a new equilibrium condition on transfer rates and we prove the existence of core payoff vectors satisfying this condition. The additional...
Persistent link: https://www.econbiz.de/10005168434
In this paper we consider a class of pure exchange economies in which the consumption plans may be restricted to be above a minimal level. This class is parameterised by the initial endowments and the constraints on the consumption. We show that the demand functions are locally Lipschitzian and...
Persistent link: https://www.econbiz.de/10005687606