An index theorem for nonconvex production economies
Jouini, Elyès (1992), An index theorem for nonconvex production economies, Journal of Economic Theory, 57, 1, p. 176-196. http://dx.doi.org/10.1016/S0022-0531(05)80047-X
Type
Article accepté pour publication ou publiéDate
1992-06Journal name
Journal of Economic TheoryVolume
57Number
1Publisher
Elsevier
Pages
176-196
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Jouini, ElyèsAbstract (EN)
We consider a general equilibrium model in which the production sector may exhibit increasing returns to scale or more general types of nonconvexities. We assume that the firms follow general pricing rules. Under standard assumptions in this model, we establish an index formula, which generalizes similar results on exchange economies and on convex production economies. This formula allows us to deduce an equilibrium existence theorem and a uniqueness condition.Subjects / Keywords
Pricing rule; convex production economyRelated items
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