An essay on the state of economic science

被引:1
作者
Salchow, Hans-Juergen
机构
[1] D-14165 Berlin
关键词
free disposal; free elimination; increasing returns to scale; marginal pricing; non-convex production; non-existence equilibria;
D O I
10.1016/j.jmateco.2005.11.003
中图分类号
F [经济];
学科分类号
02 ;
摘要
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 shown that the free disposal assumption cannot be dropped, not even be relaxed to the assumption of free elimination, without risking that equilibria may fail to exist. (c) 2006 Elsevier B.V. All rights reserved.
引用
收藏
页码:653 / 660
页数:8
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