An index theorem for nonconvex production economies

We consider a general equilibrium model in which the production sector may exhibit increasing returns to scale or more general types of nonconvexities. We assume that the firms follow general pricing rules. Under standard assumptions in this model, we establish an index formula, which generalizes similar results on exchange economies and on convex production economies. This formula allows us to deduce an equilibrium existence theorem and a uniqueness condition.

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Year of publication:	1992-06
Authors:	Jouini, Elyès
Institutions:	Université Paris-Dauphine (Paris IX)
Subject:	Pricing rule \| convex production economy

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Series:	Economics Papers from University Paris Dauphine.
Type of publication:	Book / Working Paper
Notes:	Published in Journal of Economic Theory, 1992, Vol. 57, no. 1. pp. 176-196.Length: 20 pages
Classification:	C62 - Existence and Stability Conditions of Equilibrium ; D51 - Exchange and Production Economies
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010708742