Showing 41 - 50 of 16,071
Dans un modèle de différenciation verticale où les consommateurs sont uniformément distribués par rapport à leurs intensités de préférence pour la qualité et par rapport à leurs revenus, nous cherchons la stratégie optimale d'un monopole naturel : le nombre de qualités offertes, les...
Persistent link: https://www.econbiz.de/10010750425
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/10010750490
This paper discusses necessary optimality conditions for multi-objective optimization problems with application to the Second Theorem of Welfare Economics. We use the extremal principle, since we consider non-convex sets non-smooth functions. Particularly, we develop a slight generalization of...
Persistent link: https://www.econbiz.de/10010750582
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/10010750657
This paper deals with the existence of marginal pricing equilibria when it is defined by using a new and tighter normal cone introduced by B. Cornet and M.O. Czarnecki. The main interest of this new definition of the marginal pricing rule comes from the fact that it is more precise in the sense...
Persistent link: https://www.econbiz.de/10010750782
In the spirit of Smale's work, we consider a pure exchange economy with general consumption sets. We consider the case in which the consumption set of each household is described in terms of an inequality on a function called possibility function. The possibility function represents the...
Persistent link: https://www.econbiz.de/10010750871
We consider a stochastic financial exchange economy with a finite date-event tree representing time and uncertainty and a financial structure with possibly long-term assets. We exhibit a sufficient condition under which the set of marketable payoffs depends continuously on the arbitrage free...
Persistent link: https://www.econbiz.de/10011025609
Two financial structures are equivalent if, for each given state price, the images of their full payoff matrices of these financial structures are equal. The main consequence of this definition is that, regardless of the standard exchange economy Σ, the existence of a financial equilibrium in...
Persistent link: https://www.econbiz.de/10011025811
We consider a stochastic financial exchange economy with a finite date-event tree representing time and uncertainty and a financial structure with possibly long-term assets. We exhibit a sufficient condition under which the set of marketable payoffs depends continuously on the arbitrage free...
Persistent link: https://www.econbiz.de/10011026038
We consider a family of exchange economies where consumers have multiprior preferences representing their ambiguity aversion. Under a linear independence assumption, we prove that regular economies are generic. Regular economies exhibit enjoyable properties: odd finite number of equilibrium...
Persistent link: https://www.econbiz.de/10011026106