A remark on Clarke's normal cone and the marginal cost pricing rule

dc.contributor.author	Jouini, Elyès HAL ID: 6654
dc.date.accessioned	2011-02-04T08:09:39Z
dc.date.available	2011-02-04T08:09:39Z
dc.date.issued	1988
dc.identifier.uri	https://basepub.dauphine.fr/handle/123456789/5649
dc.language.iso	en	en
dc.subject	Lipschitz functions	en
dc.subject.ddc	332	en
dc.subject.classificationjel	G12	en
dc.subject.classificationjel	D51	en
dc.subject.classificationjel	C02	en
dc.title	A remark on Clarke's normal cone and the marginal cost pricing rule	en
dc.type	Article accepté pour publication ou publié
dc.description.abstracten	This paper constructs a closed set Y in Rl such that for all y in the boundary of Y, Clarke's normal cone to Y at y is equal to Rl+. If Y is the production set of a firm, then the marginal cost pricing rule imposes no restriction. The existence of Y is shown to be equivalent to the existence of a Lipschitzian function f from Rl−1 to R such that the generalized gradient of f is everywhere equal to the convex hull of 0 and the simplex of Rl−1.	en
dc.relation.isversionofjnlname	Journal of Mathematical Economics
dc.relation.isversionofjnlvol	17	en
dc.relation.isversionofjnlissue	2-3	en
dc.relation.isversionofjnldate	1988
dc.relation.isversionofjnlpages	309-315	en
dc.relation.isversionofdoi	http://dx.doi.org/10.1016/0304-4068(88)90013-4	en
dc.description.sponsorshipprivate	oui	en
dc.relation.isversionofjnlpublisher	Elsevier	en
dc.subject.ddclabel	Economie financière	en

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