Equilibrium with quantity targets (Q2277126)
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English | Equilibrium with quantity targets |
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Equilibrium with quantity targets (English)
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1990
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The paper defines a new concept of an equilibrium called an equilibrium with quantity targets. This is done within the context of a model with nonconvexity in production and an existence result is demonstrated. The concept introduced in this paper is derived from one introduced in the paper by \textit{E. Dierker} and \textit{W. Neuefeind} [J. Math. Econ. 17, No.2/3, 249-259 (1988; Zbl 0657.90013)] where there is a public agency which insures that at an equilibrium a given amount of net production is achieved. The present paper extends the Dierker and Neuefeind contribution in two ways: first by considering more general production structures and secondly by relaxing some technical restrictions.
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equilibrium with quantity targets
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nonconvexity in production
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existence
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