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| HAL : hal-00521574, version 1 |
| Fiche détaillée |  Récupérer au format |
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| Econometrica 58, 3 (1990) 661-682 |
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| Existence of Marginal Cost Pricing Equiibria in Economies with Several Nonconvex Firms |
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| Jean-Marc Bonnisseau 1, 2Bernard Cornet 1, 2 |
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| (01/05/1990) |
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| This paper considers a general equilibrium model of an economy where some firms may exhibit increasing returns to scale or more general types of nonconvexities. The firms are instructed to follow the standard marginal cost pricing rule or to fulfill the first-order necessary conditions for profit maximization. A general existence theorem of equilibria is proved in the case of an arbitrary number of firms. No assumption is made to imply the aggregate productive efficiency of equilibria, a condition that must be excluded in the nonconvex case. |
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| 1 : | CEntre de Recherche en Mathématiques, Statistique et Économie Mathématique (CERMSEM) |
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CNRS : UMR8095 – Université Paris I - Panthéon-Sorbonne |
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| 2 : | Center of Operation Research and Econometrics [Louvain] (CORE) |
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Université Catholique de Louvain (UCL) - Belgique |
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| Domaine | : | Mathématiques/Optimisation et contrôle |
| hal-00521574, version 1 | |
| http://hal.archives-ouvertes.fr/hal-00521574 | |
| oai:hal.archives-ouvertes.fr:hal-00521574 | |
| Contributeur : Jean-Marc Bonnisseau | |
| Soumis le : Mardi 28 Septembre 2010, 08:29:34 | |
| Dernière modification le : Mercredi 29 Septembre 2010, 11:04:48 | |
