Equilibrium and Efficiency in Production Economies /
This book deals with the analysis of production economies in which firms may exhibit increasing returns to scale, or other forms of non-convexities. The study focuses on the existence and efficiency of equilibrium allocations, and the comparison with the standard competitive equilibrium model. A num...
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| Format: | eBook |
| Language: | English |
| Published: |
Berlin, Heidelberg :
Springer Berlin Heidelberg,
2000.
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| Edition: | 2. |
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| Online Access: | Connect to the full text of this electronic book |
| Summary: | This book deals with the analysis of production economies in which firms may exhibit increasing returns to scale, or other forms of non-convexities. The study focuses on the existence and efficiency of equilibrium allocations, and the comparison with the standard competitive equilibrium model. A number of alternative pricing rules and equilibrium concepts are considered (marginal pricing, constrained profit maximization, mark-up pricing, valuation equilibria, non-linear input-output models, etc.). |
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| Item Description: | Electronic resource. |
| Physical Description: | 1 online resource (xii, 278 pages 34 illustrations) |
| ISBN: | 9783642596704 (electronic bk.) 3642596703 (electronic bk.) |