Small efficient scale as a foundation for Walrasian equilibrium

DOI10.1016/0022-0531(80)90042-3MaRDI QIDQ1139493zbMATH OpenOpenAlexFDO

Authors William Novshek, Hugo F. Sonnenschein

Publication date 1980

Published in Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/0022-0531(80)90042-3

zbMATH Keywords

perfect competitionWalrasian equilibriumwelfare economicsexistence of equilibriumconvexity hypothesesendogeneous market entryformal competitive theorylarge number of firmssmall efficient scale

Mathematics Subject Classification ID

General equilibrium theory (91B50)

Cites work

• scientific article; zbMATH DE number 3547015 (Why is no real title available?)
• scientific article; zbMATH DE number 3307201 (Why is no real title available?)
• Cournot and Walras equilibrium
• Equilibrium with Externalities, Commodity Taxation, and Lump Sum Transfers
• Existence of an Equilibrium for a Competitive Economy
• External Economies of Scale and Competitive Equilibrium
• On the Existence of General Equilibrium for a Competitive Market

Cited in

(6)

• Noncooperative exchange using money and broker-dealers
• Walrasian equilibria as limits of noncooperative equilibria. I: Mixed strategies
• Entry and growth in a perfectly competitive vintage model
• On price taking behavior in a nonrenewable resource cartel-fringe game
• Randomization and the limit points of monopolistic competition
• Anonymous price taking equilibrium in Tiebout economies with a continuum of agents: existence and characterization

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