This paper presents an existence theorem in a general equilibrium model of a production economy with commodity differentiation and indivisibilities. The model is motivated by the existence of markets with indivisible commodities, such as the markets for automobiles and computers. As is standard...

This paper investigates the difference in the health conditions and the health care consumption of uninsured individuals as compared to individuals with private insurance, using a nationally representative data set of inpatient hospital admissions from the US. In line with the previous...

Much of the literature on what determines the scope of operations of a producer has centered on the ``hold-up problemquot;. The standard results indicate the hold-up problem may lead to suboptimal investments, and therefore integration may improve the organization of production. In this paper,...

In the present paper we introduce a general equilibrium model of the organization of production and analyze the optimality and existence of an equilibrium.We introduce the production technology of the economy as a collection of production processes and allow each potential producer to choose the...