On the non-existence of a marginal cost pricing equilibrium and the Ioffe normal cone (Q1123794)
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scientific article; zbMATH DE number 4110420
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| English | On the non-existence of a marginal cost pricing equilibrium and the Ioffe normal cone |
scientific article; zbMATH DE number 4110420 |
Statements
On the non-existence of a marginal cost pricing equilibrium and the Ioffe normal cone (English)
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1989
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We provide an example of non-existence of a marginal cost pricing equilibrium based on the Ioffe normal cone as a formalization of marginal rates of substitution.
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Clarke's normal cone
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non-existence
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marginal cost pricing equilibrium
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Ioffe normal cone
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marginal rates of substitution
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