General equilibrium theory and increasing returns (Q1110428)

The common characteristic of the papers presented in this Issue [J. Math. Econ. 17, No.2/3 (1988)] is that they all consider a framework with the generality of the Walrasian model, but in which no convexity assumption is made regarding the individual or the aggregate production sets. This allows for increasing returns but also for more general types of `non- convexities' in production. We present the results obtained in the papers of this Issue, which are mainly concerned with the following questions: (i) behavior of the producer in the presence of increasing returns, (ii) existence of equilibria in a disaggregated framework, and (iii) marginal cost pricing.