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encompassed more than one good. This is established through the introduction of an "equilibrium production possibility frontier …" whose features can be characterised at the same level of generality as the canonical formulation of the production …
Persistent link: https://www.econbiz.de/10005776500
for different production costs across locations. …
Persistent link: https://www.econbiz.de/10005776541
Avec une fonction de production a facteurs complementaires, une entreprise a l'equilibre stationnaire peut adopter une … nouvelle technologie de production s'il est profitable de supporter des couts d'ajustement. On montre qu'a court terme les … couts d'ajustement peuvent conduire l'entreprise a choisir d'etre en surcapacite de l'un des facteurs de production. Les …
Persistent link: https://www.econbiz.de/10005035776
of the frontier of the production possibility set and the underlying sectoral production technologies. This brings up a …
Persistent link: https://www.econbiz.de/10005663637
"improve upon". This paper presents a concept of core of a production economy with a finite number of agents with asymmetric …
Persistent link: https://www.econbiz.de/10005630656
In this paper we generalize Magill and Shafer's analysis of generically complete markets in the presence of an open-ended horizon. Until now, the genericity argument in Duffie and Shafer has no satisfactory generalisation to the case of an open ended horizon. These difficulties are threefold:...
Persistent link: https://www.econbiz.de/10005630738