On the existence of equilibria in economies with increasing returns (Q1111443): Difference between revisions

We provide a result on the existence of equilibria in economies with non- convex production sets. The principal assumption is a boundary condition and an income hypothesis on a subset of the production sets. As corollaries of our main result, we obtain the results of \textit{P. Beato} and \textit{A. Mas-Colell} [J. Econ. Theory 37, 356-365 (1985; Zbl 0579.90006)], \textit{D. J. Brown, G. M. Heal, M. A. Khan} and the author [ibid. 38, 371-379 (1986; Zbl 0602.90027)] and the classical result on the existence of Walrasian equilibria in convex economies. The result of \textit{J. M. Bonnisseau} and \textit{B. Cornet} [J. Math. Econ. 17, No.2/3, 119-147 (1988; Zbl 0657.90014)] is similar, but not directly comparable, to ours.