Una aplicación del análisis no diferenciable a la economía matemática: caracterización de la hipótesis de libre eliminación por medio del cono normal a la frontera del conjunto

This paper is devoted to study some analytical properties of sets that satisfy the free disposal hypothesis. This hypothesis plays a relevant role in general equilibrium theory, because it is widely used to ensure both the positiveness of equilibrium prices and the efficiency of equilibrium allocation. The main result of this paper is a characterization of this hypothesis in terms of the normal cone to the set at its boundary points.

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Year of publication:	2004
Authors:	Rivera, Jorge
Published in:	Revista de Analisis Economico – Economic Analysis Review. - ILADES, ISSN 0716-5297. - Vol. 19.2004, 2, p. 147-156
Publisher:	ILADES
Subject:	Free Disposal Hypothesis \| Normal Cone \| Equilibrium

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Extent:	application/pdf
Type of publication:	Article
Language:	Spanish
Classification:	C61 - Optimization Techniques; Programming Models; Dynamic Analysis ; D5 - General Equilibrium and Disequilibrium
Source:	RePEc - Research Papers in Economics

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