Topological properties of the attainable set in a nonconvex production economy (Q1112708)
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English | Topological properties of the attainable set in a nonconvex production economy |
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Topological properties of the attainable set in a nonconvex production economy (English)
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1988
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We show that in a general equilibrium model with l goods and n firms with (possibly) non-convex production sets, the so-called survival assumption, along with standard assumptions, implies that the set of (resp. efficient) attainable production plans is homeomorphic to the closed unit ball of \(R^{\ln}\) (resp. \(R^{(l-1)n})\).
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non-convex production sets
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survival assumption
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attainable production plans
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