A generalized economic equilibrium (Q2277125): Difference between revisions
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Revision as of 19:42, 19 March 2024
scientific article
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | A generalized economic equilibrium |
scientific article |
Statements
A generalized economic equilibrium (English)
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1990
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This paper offers to avoid the disturbing assumption on the interiority of endowments (necessary to ensure the continuity of the budget correspondence and thereby the existence of a competitive equilibrium) by introducing generalized prices, which extend the notion of ``exchange value'' introduced by \textit{D. Gale} [ibid. 3, 205-209 (1976; Zbl 0349.90026)] to economies with production.
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interiority of endowments
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generalized prices
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exchange value
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economies with production
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