Existence of marginal cost pricing equilibria : the nonsmooth case
Bonnisseau, Jean-Marc ; Cornet, Bernard
HAL, hal-00623271 / Harvested from HAL
In this article we report a general existence theorem of a marginal (cost) pricing equilibrium for an economy which may exhibit increasing returns to scale or more general types of nonconvexities in the production sector. Our model considers an arbitrary number of firms and no smoothness assumption is made on their production sets or on the aggregate production set.
Publié le : 1990-08-05
Classification:  Marginal cost pricing,  equilibrium,  existence,  JEL classification C62, C67, D21, D51,  [MATH.MATH-OC]Mathematics [math]/Optimization and Control [math.OC]
@article{hal-00623271,
     author = {Bonnisseau, Jean-Marc and Cornet, Bernard},
     title = {Existence of marginal cost pricing equilibria : the nonsmooth case},
     journal = {HAL},
     volume = {1990},
     number = {0},
     year = {1990},
     language = {en},
     url = {http://dml.mathdoc.fr/item/hal-00623271}
}
Bonnisseau, Jean-Marc; Cornet, Bernard. Existence of marginal cost pricing equilibria : the nonsmooth case. HAL, Tome 1990 (1990) no. 0, . http://gdmltest.u-ga.fr/item/hal-00623271/