A remark on Clarke's normal cone and the marginal cost pricing rule

DOI10.1016/0304-4068(89)90008-6zbMath0719.90011OpenAlexW3121787701MaRDI QIDQ5925254

Elyès Jouini

Publication date: 1989

Published in: Journal of Mathematical Economics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0304-4068(89)90008-6

zbMATH Keywords

generalized gradientmarginal cost pricing rulenegative polar coneClarke's normal cone

Mathematics Subject Classification ID

Special polytopes (linear programming, centrally symmetric, etc.) (52B12) Nonsmooth analysis (49J52) Microeconomic theory (price theory and economic markets) (91B24) General equilibrium theory (91B50)

Related Items (2)

Lipschitz functions with prescribed derivatives and subderivatives ⋮ Lipschitz functions with maximal Clarke subdifferentials are generic

Cites Work

• Unnamed Item
• Existence of equilibria when firms follow bounded losses pricing rules
• Optimization and nonsmooth analysis
• Generalized Gradients and Applications
• Regularity properties of open tangent cones

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