Existence of Marginal Cost Pricing Equilibria: The Nonsmooth Case

DOI10.2307/2527169zbMath0709.90012OpenAlexW1989780053MaRDI QIDQ3494330

Bernard Cornet, Jean-Marc Bonnisseau

Publication date: 1990

Published in: International Economic Review (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.2307/2527169

zbMATH Keywords

nonconvexitiesmarginal pricing ruleexistence of marginal cost pricing equilibria

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24) General equilibrium theory (91B50)

Related Items (18)

Externalities and fundamental nonconvexities: a reconciliation of approaches to general equilibrium externality modeling and implications for decentralization ⋮ Fixed-point theorems and Morse's lemma for Lipschitzian functions ⋮ An essay on the state of economic science ⋮ General equilibrium theory and increasing returns ⋮ Existence of intransitive equilibria in nonconvex economies ⋮ Marginal Pricing and Marginal Cost Pricing Equilibria in Economies with Externalities and Infinitely Many Commodities ⋮ La théorie mathématique de l'équilibre économique: Extension du modèle de Arrow-Debreu au cadre non convexe. (The mathematical theory of economic equilibrium: Extension of the Arrow-Debreu model to a nonconvex framework) ⋮ Existence of equilibria with a tight marginal pricing rule ⋮ Existence of equilibria in economies with externalities and non-convexities in an infinite-dimensional commodity space ⋮ Existence of Lindahl equilibria in economies with nonconvex production sets ⋮ The marginal pricing rule revisited ⋮ Existence of equilibria in the presence of increasing returns ⋮ On the existence of equilibria without convexity or free disposal on production technologies ⋮ Market failures and equilibria in Banach lattices: new tangent and normal cones ⋮ Functions with constant generalized gradients ⋮ Two-part marginal cost pricing in a pure fixed cost economy ⋮ Existence of equilibria in economies with increasing returns and infinitely many commodities ⋮ Existence of marginal pricing equilibria in economies with externalities and non-convexities

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