General equilibrium analysis of production and increasing returns
Auteur :
Suzuki, Takashi
Éditeur :
World Scientific Publishing Co Pte Ltd
ISBN :
9789812833310
Date de publication :
8 juin 2009
Langue :
Anglais
Pays d'origine :
Singapour
The scope of the general equilibrium theory has been limited to the Walrasian tradition. This work proves the existence of a competitive equilibrium with increasing returns coming from externalities in a dynamic economy and a monopolistically competitive equilibrium with technologies exhibiting increasing returns coming from a large set-up cost.