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dc.contributor.authorJouini, Elyès
dc.contributor.authorKallal, Hedi
dc.date.accessioned2011-02-02T14:54:32Z
dc.date.available2011-02-02T14:54:32Z
dc.date.issued1993
dc.identifier.urihttps://basepub.dauphine.fr/handle/123456789/5640
dc.language.isoenen
dc.subjectEquilibriumen
dc.subjectExchange and Production Economiesen
dc.subjectTransaction Costsen
dc.subject.ddc338.5en
dc.subject.classificationjelD51en
dc.subject.classificationjelC62en
dc.subject.classificationjelD58en
dc.subject.classificationjelD23en
dc.titleGeneral equilibrium with producers and brokers existence and regularityen
dc.typeArticle accepté pour publication ou publié
dc.contributor.editoruniversityotherDepartment of Finance, Stern School of Business, New York University;États-Unis
dc.description.abstractenIn this paper we prove the existence of general equilibrium with transaction costs generalizing Hahn's (Review of Economic Studies, 1973, 40, 449-461) model by introducing producers and nonconvexities (in particular we allow for increasing returns in transaction sets). We also recover any exchange economy as a special case and this allows us to analyze the effects of small frictions on bid-ask prices, consumption vectors and utilities. We prove that, generically, the induced perturbations are of the same order as the frictions.en
dc.relation.isversionofjnlnameEconomics Letters
dc.relation.isversionofjnlvol41en
dc.relation.isversionofjnlissue3en
dc.relation.isversionofjnldate1993
dc.relation.isversionofjnlpages257-263en
dc.relation.isversionofdoihttp://dx.doi.org/10.1016/0165-1765(93)90150-Ben
dc.description.sponsorshipprivateouien
dc.relation.isversionofjnlpublisherElsevieren
dc.subject.ddclabelMicroéconomieen


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