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General equilibrium with increasing returns
1 online resource (xiii, 164 pages) : illustrations.
This monograph provides a formal and systematic exposition of the main results on the existence and optimality of equilibria in economies with increasing returns to scale. For that, a general equilibrium model is carefully constructed first by means of a precise formalization of consumers and firms, and the proof of an abstract existence result. The analysis shifts then to the study of specific normative and positive models which are particularizations the general one, and to the study of the efficiency of equilibrium allocations. The book provides an unified approach of the topic, it maintains a relatively low mathematical complexity and offers a highly self-contained exposition.
The Basic Model: Introduction -- Consumers -- Firms -- Equilibrium -- Marginal Pricing and the Efficiency Problem: Marginal Pricing -- Two-Part Marginal Pricing -- Efficiency -- Loss-Free Pricing Rules and Private Ownership Market Economies: Basic Results -- Constrained Profit Maximization -- Classical Equilibrium.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL
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Includes bibliographical references (pages 151-158).
Lecture notes in economics and mathematical systems ; 438
9783540611523 (Berlin : acid-free paper)