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Author Salchow, Hans-Jürgen
Source Hyper Articles en Ligne (HAL)
Content type Text
File Format PDF
Language English
Subject Keyword non-convex production ♦ Free disposal ♦ increasing returns to scale ♦ marginal pricing ♦ non-convex production. ♦ Libre disposition ♦ rendements d'échelle croissants ♦ tarification marginale ♦ production non-convex. ♦ shs ♦ Humanities and Social Sciences/Economies and finances
Abstract This work is concerned in the existence problem of equilibria for economies with increasing returns to scale. The consequences of relaxing the free disposal assumption are investigated. It is sown that the free disposal assumption can not be dropped, not even relaxed to the assumption of free elimination, without risking that equilibria may fail to exist. This may give new insight to the work of Giraud (2000) and Jouini (1992), because they proved the existence of equilibria for economies without free disposal assuming the production sets to verify (even weaker forms of) free elimination.
ISSN 16240340
Educational Use Research
Learning Resource Type Article
Publisher Date 2005-03-01